UNDERBANK HOUSE, MILLGATE LANE, MANCHESTER, M20 5QX - £685,000

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.

UNDERBANK HOUSE is a very large detached house of 440m², built in 2017, which could now be worth an estimated £1,331,618. It was last sold for £685,000 in October 2014, which was around 189% above the average October 2014 detached price in the Manchester local authority area. The most recent EPC inspection was March 2022, where the current energy rating was B, and the potential energy rating was B.

UNDERBANK HOUSE Sold Prices

Land registry data shows two sales for UNDERBANK HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Manchester local authority area for the corresponding sale date. Both of the two UNDERBANK HOUSE 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
2014 31 OCT	£685,000	£236,755	189% above HPI
2014 23 MAY	£800,000	£218,937	265% above HPI

UNDERBANK HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Manchester local authority area over time, sourced from the HPI. The two UNDERBANK HOUSE sales from May 2014 and October 2014 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 2014 sale was for 265% above the HPI. So the extrapolation line tracks at 265% above the HPI over time, until the October 2014 sale, where it falls to 189% above the HPI. The line then continues to track at 189% above the HPI.

What might UNDERBANK HOUSE be worth now?

UNDERBANK HOUSE might now be worth an estimated £1,331,618.

This is based on house price inflation of 94.4%, between October 2014 and February 2025, for detached houses, in the Manchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 94.4% inflationary increase is applied to the most recent sale price for UNDERBANK HOUSE of £685,000 on 31st October 2014. For the value to have increased from £685,000 to £1,331,618 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of UNDERBANK HOUSE has moved in line with the HPI for detached houses in the Manchester local authority area.
• The October 2014 sale price of £685,000 represented a fair market value for the property.
• The size, condition, and specification of UNDERBANK HOUSE has not materially changed since October 2014.

How Large is UNDERBANK HOUSE?

UNDERBANK HOUSE is 440m² according to the EPC inspection conducted in March 2022. This puts it in the largest 10% of detached houses houses in Manchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Manchester, and where UNDERBANK HOUSE lies on this distribution: 99% of detached houses houses are smaller than UNDERBANK HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Manchester.

UNDERBANK HOUSE: Plot and Title Map

UNDERBANK HOUSE sits on a plot of roughly 0.679 of an acre, or 2,748m². The below map shows the location of UNDERBANK HOUSE, 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 UNDERBANK HOUSE). 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 UNDERBANK HOUSE?

UNDERBANK HOUSE is located on MILLGATE LANE in MANCHESTER, in the M20 postcode district. The below map shows the position of UNDERBANK HOUSE on MILLGATE LANE.