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
48 OLD CLOUGH LANE is a very small extended detached house of 85m², built sometime between 1900 and 1929. It was last sold for £215,000 in April 2024, which was around 48% below the average April 2024 detached price in the Salford local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows three sales for 48 OLD CLOUGH LANE since 1st 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 48 OLD CLOUGH LANE sales 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 |
---|---|---|---|
2024 12 APR | £215,000 | £412,336 | 48% below HPI |
2018 30 NOV | £165,000 | £299,306 | 45% below HPI |
2005 22 JUN | £45,000 | £191,016 | 76% below HPI |
The below graph shows the average detached house price in the Salford local authority area over time, sourced from the HPI. The three 48 OLD CLOUGH LANE sales between June 2005 and April 2024 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 November 2018 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the April 2024 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.
48 OLD CLOUGH LANE is 85m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 20% of detached houses in Walkden, based on EPC data. The below chart shows the distribution of detached houses by size in Walkden, and where 48 OLD CLOUGH LANE lies on this distribution: 14% of detached houses are smaller than 48 OLD CLOUGH LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Walkden.
48 OLD CLOUGH LANE sits on a plot of roughly 5.4 acres, or 21,791m². The below map shows the location of 48 OLD CLOUGH 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 48 OLD CLOUGH 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.
48 OLD CLOUGH LANE is located in WORSLEY, in the M28 postcode district. The below map shows the position of No. 48 on OLD CLOUGH LANE.