493, EDGE LANE, DROYLSDEN, MANCHESTER, M43 6JN - £190,000

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

493 EDGE LANE is a very large detached house of 165m², built sometime between 1900 and 1929. It was last sold for £190,000 in August 2023, which was around 45% below the average August 2023 detached price in the Tameside local authority area. The most recent EPC inspection was August 2023, where the current energy rating was E, and the potential energy rating was B.

493 EDGE LANE Sold Prices

Land registry data shows four sales for 493 EDGE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Tameside local authority area for the corresponding sale date. All of the four 493 EDGE 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
2023 2 AUG	£190,000	£348,008	45% below HPI
2004 26 AUG	£90,000	£168,056	46% below HPI
2002 14 MAY	£35,000	£103,195	66% below HPI
2001 29 OCT	£23,000	£97,340	76% below HPI

493 EDGE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tameside local authority area over time, sourced from the HPI. The four 493 EDGE LANE sales between October 2001 and August 2023 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 August 2004 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the August 2023 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 493 EDGE LANE?

493 EDGE LANE is 165m² according to the EPC inspection conducted in August 2023. This puts it in the largest 10% of detached houses in Droylsden, based on EPC data. The below chart shows the distribution of detached houses by size in Droylsden, and where 493 EDGE LANE lies on this distribution: 96% of detached houses are smaller than 493 EDGE LANE, and 4% of houses are larger. Note that EPC data is not available for all properties in Droylsden.

493 EDGE LANE: Plot and Title Map

493 EDGE LANE sits on a plot of roughly 1.5 acres, or 6,194m². The below map shows the location of 493 EDGE 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 493 EDGE 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 493 EDGE LANE?

493 EDGE LANE is located in DROYLSDEN, in the M43 postcode district. The below map shows the position of No. 493 on EDGE LANE.