1, THE PINES, MIDGERY LANE, FULWOOD, PRESTON, PR2 9SX - £594,020

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 THE PINES is a very large extended detached house of 222m², built sometime between 1996 and 2002, which could now be worth an estimated £637,319. It was last sold for £594,020 in October 2022, which was around 96% above the average October 2022 detached price in the Preston local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

1 THE PINES Sold Prices

Land registry data shows two sales for 1 THE PINES 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 THE PINES 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 21 OCT	£594,020	£303,276	96% above HPI
1998 23 DEC	£200,000	£92,685	116% above HPI

1 THE PINES 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 THE PINES sales from December 1998 and October 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 December 1998 sale was for 116% above the HPI. So the extrapolation line tracks at 116% above the HPI over time, until the October 2022 sale, where it falls to 96% above the HPI. The line then continues to track at 96% above the HPI.

What might 1 THE PINES be worth now?

1 THE PINES might now be worth an estimated £637,319.

This is based on house price inflation of 7.3%, between October 2022 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 7.3% inflationary increase is applied to the most recent sale price for 1 THE PINES of £594,020 on 21st October 2022. For the value to have increased from £594,020 to £637,319 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of 1 THE PINES has moved in line with the HPI for detached houses in the Preston local authority area.
• The October 2022 sale price of £594,020 represented a fair market value for the property.
• The size, condition, and specification of 1 THE PINES has not materially changed since October 2022.

How Large is 1 THE PINES?

1 THE PINES is 222m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 10% of detached houses houses in Preston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Preston, and where 1 THE PINES lies on this distribution: 97% of detached houses houses are smaller than 1 THE PINES, and 3% of houses are larger. Note that EPC data is not available for all properties in Preston.

1 THE PINES: Plot and Title Map

1 THE PINES sits on a plot of roughly 0.250 of an acre, or 1,010m². The below map shows the location of 1 THE PINES, 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 THE PINES). 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 THE PINES?

1 THE PINES is located on MIDGERY LANE in FULWOOD, in the PR2 postcode district. The below map shows the position of 1 THE PINES on MIDGERY LANE.