8, PARK LANE, WHITEFIELD, MANCHESTER, M45 7PB - £315,000

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

8 PARK LANE is a large extended detached house of 161m², built sometime between 1950 and 1966. It was last sold for £315,000 in June 2015, which was around 34% above the average June 2015 detached price in the Bury local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was C.

8 PARK LANE Sold Prices

Land registry data shows three sales for 8 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 Bury local authority area for the corresponding sale date. All of the three 8 PARK 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
2015 26 JUN	£315,000	£234,373	34% above HPI
2005 4 NOV	£315,000	£219,079	44% above HPI
2002 17 JUL	£170,000	£132,108	29% above HPI

8 PARK 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 three 8 PARK LANE sales between July 2002 and June 2015 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 November 2005 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the June 2015 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 8 PARK LANE?

8 PARK LANE is 161m², which includes two extensions, according to the EPC inspection conducted in June 2012. This puts it in the largest 40% of detached houses in Whitefield, based on EPC data. The below chart shows the distribution of detached houses by size in Whitefield, and where 8 PARK LANE lies on this distribution: 66% of detached houses are smaller than 8 PARK LANE, and 34% of houses are larger. Note that EPC data is not available for all properties in Whitefield.

8 PARK LANE: Plot and Title Map

8 PARK LANE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 8 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 8 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 8 PARK LANE?

8 PARK LANE is located in WHITEFIELD, in the M45 postcode district. The below map shows the position of No. 8 on PARK LANE.