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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

24 WOOD LANE is a very small semi-detached house of 65m², built sometime between 1930 and 1949. It was last sold for £299,000 in February 2017, which was around 13% above the average February 2017 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 detached price in the West Lancashire local authority area for the corresponding sale date. One of the three 24 WOOD LANE sales was for above the average price, whilst two were for below 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	£263,934	13% above HPI
2009 23 JUL	£200,000	£235,542	15% below HPI
2006 20 OCT	£210,000	£244,851	14% below HPI

24 WOOD LANE Price Paid vs. HPI Average

The below graph shows the average 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2017 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

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 detached houses in Parbold, based on EPC data. The below chart shows the distribution of detached houses by size in Parbold, and where 24 WOOD LANE lies on this distribution: 1% of detached 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 0.105 of an acre, or 427m². 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.