127B, NELL LANE, MANCHESTER, M20 2LG - £405,000

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.

127B NELL LANE is a midsized terraced house of 114m², built sometime between 2007 and 2011, which could now be worth an estimated £473,773. It was last sold for £405,000 in August 2021, which was around 99% above the average August 2021 terraced price in the Manchester local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

127B NELL LANE Sold Prices

Land registry data shows two sales for 127B NELL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Manchester local authority area for the corresponding sale date. Both of the two 127B NELL 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
2021 20 AUG	£405,000	£204,028	99% above HPI
2011 30 JUN	£254,420	£108,542	134% above HPI

127B NELL LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Manchester local authority area over time, sourced from the HPI. The two 127B NELL LANE sales from June 2011 and August 2021 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 June 2011 sale was for 134% above the HPI. So the extrapolation line tracks at 134% above the HPI over time, until the August 2021 sale, where it falls to 99% above the HPI. The line then continues to track at 99% above the HPI.

What might 127B NELL LANE be worth now?

127B NELL LANE might now be worth an estimated £473,773.

This is based on house price inflation of 17%, between August 2021 and June 2025, for terraced 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 17% inflationary increase is applied to the most recent sale price for 127B NELL LANE of £405,000 on 20th August 2021. For the value to have increased from £405,000 to £473,773 over the four years and two months to June 2025, the following assumptions must hold true:

• The value of 127B NELL LANE has moved in line with the HPI for terraced houses in the Manchester local authority area.
• The August 2021 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 127B NELL LANE has not materially changed since August 2021.

How Large is 127B NELL LANE?

127B NELL LANE is 114m² according to the EPC inspection conducted in March 2021. This puts it in the largest 50% of terraced houses houses in Manchester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Manchester, and where 127B NELL LANE lies on this distribution: 57% of terraced houses houses are smaller than 127B NELL LANE, and 42% of houses are larger. Note that EPC data is not available for all properties in Manchester.

127B NELL LANE: Plot and Title Map

127B NELL LANE sits on a plot of roughly 0.028 of an acre, or 112m². The below map shows the location of 127B NELL 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 127B NELL 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 127B NELL LANE?

127B NELL LANE is located in MANCHESTER, in the M20 postcode district. The below map shows the position of No. 127B on NELL LANE.