12, MEDLAR CLOSE, WESHAM, PRESTON, PR4 3EJ - £245,000

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.

12 MEDLAR CLOSE is a small detached house of 103m², built sometime between 1983 and 1990, which could now be worth an estimated £363,424. It was last sold for £245,000 in February 2011, which was around 8% below the average February 2011 detached price in the Fylde local authority area. The most recent EPC inspection was May 2010, where the current energy rating was C, and the potential energy rating was C.

12 MEDLAR CLOSE Sold Prices

Land registry data shows three sales for 12 MEDLAR CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fylde local authority area for the corresponding sale date. All of the three 12 MEDLAR CLOSE 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
2011 22 FEB	£245,000	£265,152	8% below HPI
2005 31 OCT	£219,000	£258,591	15% below HPI
2004 8 APR	£196,000	£224,547	13% below HPI

12 MEDLAR CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fylde local authority area over time, sourced from the HPI. The three 12 MEDLAR CLOSE sales between April 2004 and February 2011 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 October 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2011 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 12 MEDLAR CLOSE be worth now?

12 MEDLAR CLOSE might now be worth an estimated £363,424.

This is based on house price inflation of 48.3%, between February 2011 and February 2025, for detached houses, in the Fylde local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.3% inflationary increase is applied to the most recent sale price for 12 MEDLAR CLOSE of £245,000 on 22nd February 2011. For the value to have increased from £245,000 to £363,424 over the fourteen years to February 2025, the following assumptions must hold true:

• The value of 12 MEDLAR CLOSE has moved in line with the HPI for detached houses in the Fylde local authority area.
• The February 2011 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MEDLAR CLOSE has not materially changed since February 2011.

How Large is 12 MEDLAR CLOSE?

12 MEDLAR CLOSE is 103m² according to the EPC inspection conducted in May 2010. This puts it in the smallest 30% of detached houses houses in Wesham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wesham, and where 12 MEDLAR CLOSE lies on this distribution: 29% of detached houses houses are smaller than 12 MEDLAR CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Wesham.

12 MEDLAR CLOSE: Plot and Title Map

12 MEDLAR CLOSE sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 12 MEDLAR CLOSE, 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 12 MEDLAR CLOSE). 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 12 MEDLAR CLOSE?

12 MEDLAR CLOSE is located in WESHAM, in the PR4 postcode district. The below map shows the position of No. 12 on MEDLAR CLOSE.