24, WOOD LANE, PARBOLD, WIGAN, WN8 7TH - £299,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

24 WOOD LANE is a very small semi-detached house of 65m², built sometime between 1930 and 1949, which could now be worth an estimated £426,434. It was last sold for £299,000 in February 2017, which was around 91% above the average February 2017 semi-detached price in the West Lancashire local authority area. The most recent EPC inspection was October 2008, where the current energy rating was F, and the potential energy rating was E.

24 WOOD LANE Sold Prices

Land registry data shows three sales for 24 WOOD LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the West Lancashire local authority area for the corresponding sale date. All of the three 24 WOOD LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 10 FEB	£299,000	£156,325	91% above HPI
2009 23 JUL	£200,000	£141,985	41% above HPI
2006 20 OCT	£210,000	£149,795	40% above HPI

24 WOOD LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lancashire local authority area over time, sourced from the HPI. The three 24 WOOD LANE sales between October 2006 and February 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2009 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the February 2017 sale, where it rises to 91% above the HPI. The line then continues to track at 91% above the HPI.

What might 24 WOOD LANE be worth now?

24 WOOD LANE might now be worth an estimated £426,434.

This is based on house price inflation of 42.6%, between February 2017 and February 2025, for semi-detached houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.6% inflationary increase is applied to the most recent sale price for 24 WOOD LANE of £299,000 on 10th February 2017. For the value to have increased from £299,000 to £426,434 over the eight years to February 2025, the following assumptions must hold true:

• The value of 24 WOOD LANE has moved in line with the HPI for semi-detached houses in the West Lancashire local authority area.
• The February 2017 sale price of £299,000 represented a fair market value for the property.
• The size, condition, and specification of 24 WOOD LANE has not materially changed since February 2017.

How Large is 24 WOOD LANE?

24 WOOD LANE is 65m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of semi-detached houses houses in Parbold, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Parbold, and where 24 WOOD LANE lies on this distribution: 1% of semi-detached houses houses are smaller than 24 WOOD LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Parbold.

24 WOOD LANE: Plot and Title Map

24 WOOD LANE sits on a plot of roughly 1,057.8 acres, or 4,280,744m². The below map shows the location of 24 WOOD LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 24 WOOD LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 24 WOOD LANE?

24 WOOD LANE is located in PARBOLD, in the WN8 postcode district. The below map shows the position of No. 24 on WOOD LANE.