7, PALMETTO LANE, WORSLEY, MANCHESTER, M28 7GW - £330,000

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

7 PALMETTO LANE is a midsized detached house of 112m². It was last sold for £330,000 in September 2021, which was around 16% below the average September 2021 detached price in the Salford local authority area. The most recent EPC inspection was July 2017, where the current energy rating was B, and the potential energy rating was A.

7 PALMETTO LANE Sold Prices

Land registry data shows two sales for 7 PALMETTO LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Salford local authority area for the corresponding sale date. Both of the two 7 PALMETTO 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
2021 30 SEP	£330,000	£390,952	16% below HPI
2017 14 AUG	£255,995	£277,069	8% below HPI

7 PALMETTO 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 two 7 PALMETTO LANE sales from August 2017 and September 2021 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 2017 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2021 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 7 PALMETTO LANE?

7 PALMETTO LANE is 112m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 50% of detached houses in Walkden, based on EPC data. The below chart shows the distribution of detached houses by size in Walkden, and where 7 PALMETTO LANE lies on this distribution: 41% of detached houses are smaller than 7 PALMETTO LANE, and 58% of houses are larger. Note that EPC data is not available for all properties in Walkden.

7 PALMETTO LANE: Plot and Title Map

7 PALMETTO LANE sits on a plot of roughly 8.5 acres, or 34,394m². The below map shows the location of 7 PALMETTO 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 7 PALMETTO 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 7 PALMETTO LANE?

7 PALMETTO LANE is located in WORSLEY, in the M28 postcode district. The below map shows the position of No. 7 on PALMETTO LANE.