48, SPELDING DRIVE, STANDISH LOWER GROUND, WIGAN, WN6 8LW - £145,000

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

48 SPELDING DRIVE is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £145,000 in March 2014, which was around 18% below the average March 2014 detached price in the Wigan local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was D.

48 SPELDING DRIVE Sold Prices

Land registry data shows two sales for 48 SPELDING DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wigan local authority area for the corresponding sale date. Both of the two 48 SPELDING DRIVE 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
2014 21 MAR	£145,000	£176,288	18% below HPI
2011 14 DEC	£146,000	£174,713	16% below HPI

48 SPELDING DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wigan local authority area over time, sourced from the HPI. The two 48 SPELDING DRIVE sales from December 2011 and March 2014 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 December 2011 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2014 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 48 SPELDING DRIVE?

48 SPELDING DRIVE is 70m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 10% of detached houses in Wigan, based on EPC data. The below chart shows the distribution of detached houses by size in Wigan, and where 48 SPELDING DRIVE lies on this distribution: 8% of detached houses are smaller than 48 SPELDING DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Wigan.

48 SPELDING DRIVE: Plot and Title Map

48 SPELDING DRIVE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 48 SPELDING DRIVE, 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 SPELDING DRIVE). 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 48 SPELDING DRIVE?

48 SPELDING DRIVE is located in STANDISH LOWER GROUND, in the WN6 postcode district. The below map shows the position of No. 48 on SPELDING DRIVE.