2, HOWARDS LANE, ORRELL, WIGAN, WN5 8PZ - £232,000

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.

2 HOWARDS LANE is a large extended detached house of 140m², built sometime between 1996 and 2002, which could now be worth an estimated £433,459. It was last sold for £232,000 in December 2011, which was around 37% above the average December 2011 detached price in the Wigan local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was C.

2 HOWARDS LANE Sold Prices

Land registry data shows two sales for 2 HOWARDS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wigan local authority area for the corresponding sale date. Both of the two 2 HOWARDS 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
2011 2 DEC	£232,000	£169,810	37% above HPI
1998 1 MAY	£145,000	£71,781	102% above HPI

2 HOWARDS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wigan local authority area over time, sourced from the HPI. The two 2 HOWARDS LANE sales from May 1998 and December 2011 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 1998 sale was for 102% above the HPI. So the extrapolation line tracks at 102% above the HPI over time, until the December 2011 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 2 HOWARDS LANE be worth now?

2 HOWARDS LANE might now be worth an estimated £433,459.

This is based on house price inflation of 86.8%, between December 2011 and May 2026, for detached houses, in the Wigan local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 86.8% inflationary increase is applied to the most recent sale price for 2 HOWARDS LANE of £232,000 on 2nd December 2011. For the value to have increased from £232,000 to £433,459 over the fifteen years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 HOWARDS LANE has moved in line with the HPI for detached houses in the Wigan local authority area.
• The December 2011 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HOWARDS LANE has not materially changed since December 2011.

How Large is 2 HOWARDS LANE?

2 HOWARDS LANE is 140m², which includes two extensions, according to the EPC inspection conducted in February 2016. This puts it in the largest 30% of detached houses houses in Orrell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Orrell, and where 2 HOWARDS LANE lies on this distribution: 73% of detached houses houses are smaller than 2 HOWARDS LANE, and 27% of houses are larger. Note that EPC data is not available for all properties in Orrell.

2 HOWARDS LANE: Plot and Title Map

2 HOWARDS LANE sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 2 HOWARDS 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 2 HOWARDS 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 2 HOWARDS LANE?

2 HOWARDS LANE is located in ORRELL, in the WN5 postcode district. The below map shows the position of No. 2 on HOWARDS LANE.