1, MILL GATE, FULWOOD, PRESTON, PR2 2HF - £175,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 MILL GATE is a very small detached house of 79m², built sometime between 1950 and 1966, which could now be worth an estimated £184,045. It was last sold for £175,000 in January 2024, which was around 43% below the average January 2024 detached price in the Preston local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

1 MILL GATE Sold Prices

Land registry data shows two sales for 1 MILL GATE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Preston local authority area for the corresponding sale date. Both of the two 1 MILL GATE 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
2024 19 JAN	£175,000	£309,391	43% below HPI
1998 17 JUN	£59,500	£91,171	35% below HPI

1 MILL GATE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The two 1 MILL GATE sales from June 1998 and January 2024 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 June 1998 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the January 2024 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 1 MILL GATE be worth now?

1 MILL GATE might now be worth an estimated £184,045.

This is based on house price inflation of 5.2%, between January 2024 and December 2024, for detached houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.2% inflationary increase is applied to the most recent sale price for 1 MILL GATE of £175,000 on 19th January 2024. For the value to have increased from £175,000 to £184,045 over the one month to December 2024, the following assumptions must hold true:

• The value of 1 MILL GATE has moved in line with the HPI for detached houses in the Preston local authority area.
• The January 2024 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MILL GATE has not materially changed since January 2024.

How Large is 1 MILL GATE?

1 MILL GATE is 79m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 10% of detached houses houses in Fulwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fulwood, and where 1 MILL GATE lies on this distribution: 10% of detached houses houses are smaller than 1 MILL GATE, and 89% of houses are larger. Note that EPC data is not available for all properties in Fulwood.

1 MILL GATE: Plot and Title Map

1 MILL GATE sits on a plot of roughly 0.142 of an acre, or 575m². The below map shows the location of 1 MILL GATE, 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 MILL GATE). 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 MILL GATE?

1 MILL GATE is located in FULWOOD, in the PR2 postcode district. The below map shows the position of No. 1 on MILL GATE.