1, LODGE COTTAGE, PRESTON ROAD, INSKIP, PRESTON, PR4 0TT - £331,000

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.

1 LODGE COTTAGE is a midsized detached house of 120m², built sometime before 1900, which could now be worth an estimated £433,577. It was last sold for £331,000 in January 2018, which was around 39% above the average January 2018 detached price in the Wyre local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was A.

1 LODGE COTTAGE Sold Prices

Land registry data shows two sales for 1 LODGE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. Both of the two 1 LODGE COTTAGE 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
2018 25 JAN	£331,000	£237,980	39% above HPI
2016 29 JUL	£237,500	£220,423	8% above HPI

1 LODGE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The two 1 LODGE COTTAGE sales from July 2016 and January 2018 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 July 2016 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2018 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 1 LODGE COTTAGE be worth now?

1 LODGE COTTAGE might now be worth an estimated £433,577.

This is based on house price inflation of 31%, between January 2018 and March 2025, for detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31% inflationary increase is applied to the most recent sale price for 1 LODGE COTTAGE of £331,000 on 25th January 2018. For the value to have increased from £331,000 to £433,577 over the six years and ten months to March 2025, the following assumptions must hold true:

• The value of 1 LODGE COTTAGE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The January 2018 sale price of £331,000 represented a fair market value for the property.
• The size, condition, and specification of 1 LODGE COTTAGE has not materially changed since January 2018.

How Large is 1 LODGE COTTAGE?

1 LODGE COTTAGE is 120m² according to the EPC inspection conducted in October 2017. This puts it in the largest 50% of detached houses houses in Inskip, based on EPC data. The below chart shows the distribution of detached houses houses by size in Inskip, and where 1 LODGE COTTAGE lies on this distribution: 51% of detached houses houses are smaller than 1 LODGE COTTAGE, and 48% of houses are larger. Note that EPC data is not available for all properties in Inskip.

1 LODGE COTTAGE: Plot and Title Map

1 LODGE COTTAGE sits on a plot of roughly 0.384 of an acre, or 1,554m². The below map shows the location of 1 LODGE COTTAGE, 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 1 LODGE COTTAGE). 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 1 LODGE COTTAGE?

1 LODGE COTTAGE is located on PRESTON ROAD in INSKIP, in the PR4 postcode district. The below map shows the position of 1 LODGE COTTAGE on PRESTON ROAD.