4A, PARK LANE, SALFORD, M6 7RQ - £401,000

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.

4A PARK LANE is a small detached house of 100m², built sometime between 1996 and 2002, which could now be worth an estimated £418,843. It was last sold for £401,000 in December 2023, which was around 3% below the average December 2023 detached price in the Salford local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

4A PARK LANE Sold Prices

Land registry data shows three sales for 4A PARK 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 Salford local authority area for the corresponding sale date. Two of the three 4A PARK LANE sales were for below the average price, whilst one was 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
2023 1 DEC	£401,000	£414,311	3% below HPI
2016 24 OCT	£205,950	£251,326	18% below HPI
2004 7 MAY	£166,000	£154,978	7% above HPI

4A PARK LANE 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 4A PARK LANE sales between May 2004 and December 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 October 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2023 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 4A PARK LANE be worth now?

4A PARK LANE might now be worth an estimated £418,843.

This is based on house price inflation of 4.4%, between December 2023 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 4.4% inflationary increase is applied to the most recent sale price for 4A PARK LANE of £401,000 on 1st December 2023. For the value to have increased from £401,000 to £418,843 over the two years and ten months to February 2025, the following assumptions must hold true:

• The value of 4A PARK LANE has moved in line with the HPI for detached houses in the Salford local authority area.
• The December 2023 sale price of £401,000 represented a fair market value for the property.
• The size, condition, and specification of 4A PARK LANE has not materially changed since December 2023.

How Large is 4A PARK LANE?

4A PARK LANE is 100m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 40% of detached houses houses in Salford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Salford, and where 4A PARK LANE lies on this distribution: 35% of detached houses houses are smaller than 4A PARK LANE, and 64% of houses are larger. Note that EPC data is not available for all properties in Salford.

4A PARK LANE: Plot and Title Map

4A PARK LANE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 4A PARK 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 4A PARK 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 4A PARK LANE?

4A PARK LANE is located in SALFORD, in the M6 postcode district. The below map shows the position of No. 4A on PARK LANE.