162, NEW LANE, ECCLES, MANCHESTER, M30 7JB - £148,000

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.

162 NEW LANE is a midsized extended terraced house of 104m², built sometime between 1900 and 1929, which could now be worth an estimated £189,323. It was last sold for £148,000 in June 2021, which was around 16% below the average June 2021 terraced price in the Salford local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was C.

162 NEW LANE Sold Prices

Land registry data shows two sales for 162 NEW 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 Salford local authority area for the corresponding sale date. Both of the two 162 NEW LANE sales were 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
2021 18 JUN	£148,000	£176,140	16% below HPI
2016 26 AUG	£100,000	£120,446	17% below HPI

162 NEW LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Salford local authority area over time, sourced from the HPI. The two 162 NEW LANE sales from August 2016 and June 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 August 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the June 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 162 NEW LANE be worth now?

162 NEW LANE might now be worth an estimated £189,323.

This is based on house price inflation of 27.9%, between June 2021 and May 2026, for terraced houses, in the Salford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.9% inflationary increase is applied to the most recent sale price for 162 NEW LANE of £148,000 on 18th June 2021. For the value to have increased from £148,000 to £189,323 over the five years and one month to May 2026, the following assumptions must hold true:

• The value of 162 NEW LANE has moved in line with the HPI for terraced houses in the Salford local authority area.
• The June 2021 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of 162 NEW LANE has not materially changed since June 2021.

How Large is 162 NEW LANE?

162 NEW LANE is 104m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the smallest 50% of terraced houses houses in Eccles, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Eccles, and where 162 NEW LANE lies on this distribution: 42% of terraced houses houses are smaller than 162 NEW LANE, and 57% of houses are larger. Note that EPC data is not available for all properties in Eccles.

162 NEW LANE: Plot and Title Map

162 NEW LANE sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 162 NEW 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 162 NEW 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 162 NEW LANE?

162 NEW LANE is located in ECCLES, in the M30 postcode district. The below map shows the position of No. 162 on NEW LANE.