11, THE RIDINGS, LONGRIDGE, PRESTON, PR3 2BZ - £129,950

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

11 THE RIDINGS is a very small semi-detached house of 62m². It was last sold for £129,950 in May 2024, which was around 56% below the average May 2024 detached price in the Preston local authority area. The most recent EPC inspection was May 2019, where the current energy rating was B, and the potential energy rating was B.

11 THE RIDINGS Sold Prices

Land registry data shows three sales for 11 THE RIDINGS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Preston local authority area for the corresponding sale date. Two of the three 11 THE RIDINGS sales were for below the average price, whilst one was 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
2024 17 MAY	£129,950	£298,465	56% below HPI
2019 28 JUN	£114,500	£224,709	49% below HPI
2003 14 NOV	£1,020,000	£155,755	555% above HPI

11 THE RIDINGS 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 three 11 THE RIDINGS sales between November 2003 and May 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 2019 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the May 2024 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

How Large is 11 THE RIDINGS?

11 THE RIDINGS is 62m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of detached houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses by size in Longridge, and where 11 THE RIDINGS lies on this distribution: 3% of detached houses are smaller than 11 THE RIDINGS, and 97% of houses are larger. Note that EPC data is not available for all properties in Longridge.

11 THE RIDINGS: Plot and Title Map

11 THE RIDINGS sits on a plot of roughly 0.031 of an acre, or 126m². The below map shows the location of 11 THE RIDINGS, 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 THE RIDINGS). 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 THE RIDINGS?

11 THE RIDINGS is located in LONGRIDGE, in the PR3 postcode district. The below map shows the position of No. 11 on THE RIDINGS.