11, GIB LANE, HOGHTON, PRESTON, PR5 0RU - £287,500

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.

11 GIB LANE is a small extended detached house of 124m², built sometime between 1983 and 1990, which could now be worth an estimated £367,819. It was last sold for £287,500 in February 2020, which was around 13% above the average February 2020 detached price in the Chorley local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

11 GIB LANE Sold Prices

Land registry data shows three sales for 11 GIB LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. All of the three 11 GIB LANE 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
2020 25 FEB	£287,500	£253,752	13% above HPI
2014 9 SEP	£300,000	£220,585	36% above HPI
1998 18 DEC	£115,000	£86,892	32% above HPI

11 GIB LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chorley local authority area over time, sourced from the HPI. The three 11 GIB LANE sales between December 1998 and February 2020 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 September 2014 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the February 2020 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 11 GIB LANE be worth now?

11 GIB LANE might now be worth an estimated £367,819.

This is based on house price inflation of 27.9%, between February 2020 and February 2025, for detached houses, in the Chorley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.9% inflationary increase is applied to the most recent sale price for 11 GIB LANE of £287,500 on 25th February 2020. For the value to have increased from £287,500 to £367,819 over the five years to February 2025, the following assumptions must hold true:

• The value of 11 GIB LANE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The February 2020 sale price of £287,500 represented a fair market value for the property.
• The size, condition, and specification of 11 GIB LANE has not materially changed since February 2020.

How Large is 11 GIB LANE?

11 GIB LANE is 124m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% of detached houses houses in Hoghton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hoghton, and where 11 GIB LANE lies on this distribution: 26% of detached houses houses are smaller than 11 GIB LANE, and 70% of houses are larger. Note that EPC data is not available for all properties in Hoghton.

11 GIB LANE: Plot and Title Map

11 GIB LANE sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of 11 GIB LANE, 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 11 GIB LANE). 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 11 GIB LANE?

11 GIB LANE is located in HOGHTON, in the PR5 postcode district. The below map shows the position of No. 11 on GIB LANE.