71, SCHOLES LANE, PRESTWICH, MANCHESTER, M25 0AW - £672,500

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

71 SCHOLES LANE is a very large detached house of 226m². It was last sold for £672,500 in December 2023, which was around 70% above the average December 2023 detached price in the Bury local authority area. The most recent EPC inspection was April 2020, where the current energy rating was B, and the potential energy rating was B.

71 SCHOLES LANE Sold Prices

Land registry data shows two sales for 71 SCHOLES 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 Bury local authority area for the corresponding sale date. Both of the two 71 SCHOLES LANE sales were 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 14 DEC	£672,500	£395,981	70% above HPI
2020 13 MAY	£530,000	£301,606	76% above HPI

71 SCHOLES LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bury local authority area over time, sourced from the HPI. The two 71 SCHOLES LANE sales from May 2020 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 May 2020 sale was for 76% above the HPI. So the extrapolation line tracks at 76% above the HPI over time, until the December 2023 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is 71 SCHOLES LANE?

71 SCHOLES LANE is 226m² according to the EPC inspection conducted in April 2020. This puts it in the largest 20% of detached houses in Prestwich, based on EPC data. The below chart shows the distribution of detached houses by size in Prestwich, and where 71 SCHOLES LANE lies on this distribution: 89% of detached houses are smaller than 71 SCHOLES LANE, and 11% of houses are larger. Note that EPC data is not available for all properties in Prestwich.

71 SCHOLES LANE: Plot and Title Map

71 SCHOLES LANE sits on a plot of roughly 0.113 of an acre, or 455m². The below map shows the location of 71 SCHOLES 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 71 SCHOLES 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 71 SCHOLES LANE?

71 SCHOLES LANE is located in PRESTWICH, in the M25 postcode district. The below map shows the position of No. 71 on SCHOLES LANE.