1, MARSH WAY, PENWORTHAM, PRESTON, PR1 9PL - £290,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MARSH WAY is a small detached house of 92m², built sometime between 1983 and 1990. It was last sold for £290,500 in December 2022, which was around 8% below the average December 2022 detached price in the South Ribble local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

1 MARSH WAY Sold Prices

Land registry data shows three sales for 1 MARSH WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. All of the three 1 MARSH WAY 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
2022 9 DEC	£290,500	£316,142	8% below HPI
2019 8 MAY	£195,000	£253,198	23% below HPI
1996 17 DEC	£69,950	£81,889	15% below HPI

1 MARSH WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The three 1 MARSH WAY sales between December 1996 and December 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 2019 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2022 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 1 MARSH WAY?

1 MARSH WAY is 92m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 30% of detached houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses by size in Penwortham, and where 1 MARSH WAY lies on this distribution: 29% of detached houses are smaller than 1 MARSH WAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

1 MARSH WAY: Plot and Title Map

1 MARSH WAY sits on a plot of roughly 0.136 of an acre, or 552m². The below map shows the location of 1 MARSH WAY, 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 MARSH WAY). 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 MARSH WAY?

1 MARSH WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 1 on MARSH WAY.