2, PARK CLOSE, PARBOLD, WIGAN, WN8 7HP - £790,000

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 PARK CLOSE is a midsized detached house of 155m², built sometime between 1950 and 1966, which could now be worth an estimated £901,546. It was last sold for £790,000 in June 2022, which was around 147% above the average June 2022 detached price in the West Lancashire local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

2 PARK CLOSE Sold Prices

Land registry data shows two sales for 2 PARK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. Both of the two 2 PARK CLOSE 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
2022 30 JUN	£790,000	£319,255	147% above HPI
1999 6 MAY	£195,000	£95,984	103% above HPI

2 PARK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The two 2 PARK CLOSE sales from May 1999 and June 2022 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 1999 sale was for 103% above the HPI. So the extrapolation line tracks at 103% above the HPI over time, until the June 2022 sale, where it rises to 147% above the HPI. The line then continues to track at 147% above the HPI.

What might 2 PARK CLOSE be worth now?

2 PARK CLOSE might now be worth an estimated £901,546.

This is based on house price inflation of 14.1%, between June 2022 and May 2026, for detached houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.1% inflationary increase is applied to the most recent sale price for 2 PARK CLOSE of £790,000 on 30th June 2022. For the value to have increased from £790,000 to £901,546 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 2 PARK CLOSE has moved in line with the HPI for detached houses in the West Lancashire local authority area.
• The June 2022 sale price of £790,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK CLOSE has not materially changed since June 2022.

How Large is 2 PARK CLOSE?

2 PARK CLOSE is 155m² according to the EPC inspection conducted in April 2022. This puts it in the largest 50% of detached houses in Parbold, based on EPC data. The below chart shows the distribution of detached houses by size in Parbold, and where 2 PARK CLOSE lies on this distribution: 58% of detached houses are smaller than 2 PARK CLOSE, and 41% of detached houses are larger. Note that EPC data is not available for all properties in Parbold.

2 PARK CLOSE: Plot

2 PARK CLOSE sits on a plot of roughly 1,057.8 acres, or 4,280,744m².

Where is 2 PARK CLOSE?

2 PARK CLOSE is located in PARBOLD, in the WN8 postcode district. The below map shows the position of No. 2 on PARK CLOSE.