12, MEDWAY, FULWOOD, PRESTON, PR2 8UY - £182,500

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

12 MEDWAY is a small extended detached house of 99m², built sometime between 1967 and 1975. It was last sold for £182,500 in August 2014, which was around 20% below the average August 2014 detached price in the Preston local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was C.

12 MEDWAY Sold Prices

Land registry data shows two sales for 12 MEDWAY 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 12 MEDWAY 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
2014 6 AUG	£182,500	£227,835	20% below HPI
2004 28 MAY	£168,000	£184,475	9% below HPI

12 MEDWAY 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 12 MEDWAY sales from May 2004 and August 2014 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 May 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2014 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 12 MEDWAY be worth now?

12 MEDWAY might now be worth an estimated £260,637.

This is based on house price inflation of 42.8%, between August 2014 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 42.8% inflationary increase is applied to the most recent sale price for 12 MEDWAY of £182,500 on 6th August 2014. For the value to have increased from £182,500 to £260,637 over the nine years and eight months to December 2024, the following assumptions must hold true:

• The value of 12 MEDWAY has moved in line with the HPI for detached houses in the Preston local authority area.
• The August 2014 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 12 MEDWAY has not materially changed since August 2014.

How Large is 12 MEDWAY?

12 MEDWAY is 99m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the smallest 30% 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 12 MEDWAY lies on this distribution: 29% of detached houses houses are smaller than 12 MEDWAY, and 70% of houses are larger. Note that EPC data is not available for all properties in Fulwood.

12 MEDWAY: Plot and Title Map

12 MEDWAY sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 12 MEDWAY, 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 MEDWAY). 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 MEDWAY?

12 MEDWAY is located in FULWOOD, in the PR2 postcode district. The below map shows the position of No. 12 on MEDWAY.