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

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

UNDERBANK HOUSE is a very large detached house of 440m², built in 2017. It was last sold for £685,000 in October 2014, which was around 192% 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	£234,261	192% above HPI
2014 23 MAY	£800,000	£216,630	269% 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 269% above the HPI. So the extrapolation line tracks at 269% above the HPI over time, until the October 2014 sale, where it falls to 192% above the HPI. The line then continues to track at 192% above the HPI.

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 in Manchester, based on EPC data. The below chart shows the distribution of detached houses by size in Manchester, and where UNDERBANK HOUSE lies on this distribution: 99% of detached 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.