GREENFIELDS, MILL LANE, PARBOLD, WIGAN, WN8 7NW - £394,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

GREENFIELDS is a small extended detached house of 118m², which could now be worth an estimated £524,913. It was last sold for £394,000 in June 2019, which was around 42% above the average June 2019 detached price in the West Lancashire local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

GREENFIELDS Sold Prices

Land registry data shows two sales for GREENFIELDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. One of the two GREENFIELDS sales was for above the average price, whilst the other was 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
2019 7 JUN	£394,000	£276,837	42% above HPI
2014 7 OCT	£175,000	£251,970	31% below HPI

GREENFIELDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The two GREENFIELDS sales from October 2014 and June 2019 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 2014 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2019 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might GREENFIELDS be worth now?

GREENFIELDS might now be worth an estimated £524,913.

This is based on house price inflation of 33.2%, between June 2019 and December 2024, for detached houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.2% inflationary increase is applied to the most recent sale price for GREENFIELDS of £394,000 on 7th June 2019. For the value to have increased from £394,000 to £524,913 over the four years and six months to December 2024, the following assumptions must hold true:

• The value of GREENFIELDS has moved in line with the HPI for detached houses in the West Lancashire local authority area.
• The June 2019 sale price of £394,000 represented a fair market value for the property.
• The size, condition, and specification of GREENFIELDS has not materially changed since June 2019.

How Large is GREENFIELDS?

GREENFIELDS is 118m², which includes two extensions, according to the EPC inspection conducted in November 2018. This puts it in the smallest 30% of detached houses houses in Parbold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Parbold, and where GREENFIELDS lies on this distribution: 27% of detached houses houses are smaller than GREENFIELDS, and 72% of houses are larger. Note that EPC data is not available for all properties in Parbold.

GREENFIELDS: Plot and Title Map

GREENFIELDS sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of GREENFIELDS, 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 GREENFIELDS). 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 GREENFIELDS?

GREENFIELDS is located on MILL LANE in PARBOLD, in the WN8 postcode district. The below map shows the position of GREENFIELDS on MILL LANE.