4, LORNA WAY, IRLAM, MANCHESTER, M44 6GJ - £375,000

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.

4 LORNA WAY is a very large detached house of 188m², built sometime between 2003 and 2006, which could now be worth an estimated £533,066. It was last sold for £375,000 in August 2020, which was around 23% above the average August 2020 detached price in the Salford local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

4 LORNA WAY Sold Prices

Land registry data shows three sales for 4 LORNA WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Salford local authority area for the corresponding sale date. All of the three 4 LORNA WAY 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
2020 28 AUG	£375,000	£304,427	23% above HPI
2014 12 SEP	£270,000	£207,630	30% above HPI
2006 27 OCT	£349,995	£203,614	72% above HPI

4 LORNA WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Salford local authority area over time, sourced from the HPI. The three 4 LORNA WAY sales between October 2006 and August 2020 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 September 2014 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2020 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 4 LORNA WAY be worth now?

4 LORNA WAY might now be worth an estimated £533,066.

This is based on house price inflation of 42.2%, between August 2020 and February 2025, for detached houses, in the Salford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.2% inflationary increase is applied to the most recent sale price for 4 LORNA WAY of £375,000 on 28th August 2020. For the value to have increased from £375,000 to £533,066 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 4 LORNA WAY has moved in line with the HPI for detached houses in the Salford local authority area.
• The August 2020 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 4 LORNA WAY has not materially changed since August 2020.

How Large is 4 LORNA WAY?

4 LORNA WAY is 188m² according to the EPC inspection conducted in June 2013. This puts it in the largest 10% of detached houses houses in Irlam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Irlam, and where 4 LORNA WAY lies on this distribution: 97% of detached houses houses are smaller than 4 LORNA WAY, and 3% of houses are larger. Note that EPC data is not available for all properties in Irlam.

4 LORNA WAY: Plot and Title Map

4 LORNA WAY sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 4 LORNA WAY, 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 4 LORNA WAY). 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 4 LORNA WAY?

4 LORNA WAY is located in IRLAM, in the M44 postcode district. The below map shows the position of No. 4 on LORNA WAY.