12, PARKSIDE, LEA, PRESTON, PR2 1YS - £53,000

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 PARKSIDE is a very small detached house of 48m², built sometime between 1983 and 1990, which could now be worth an estimated £176,418. It was last sold for £53,000 in July 1999, which was around 46% below the average July 1999 detached price in the Preston local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

12 PARKSIDE Sold Prices

Land registry data shows two sales for 12 PARKSIDE 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 PARKSIDE 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
1999 15 JUL	£53,000	£97,752	46% below HPI
1996 2 FEB	£46,500	£83,456	44% below HPI

12 PARKSIDE 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 PARKSIDE sales from February 1996 and July 1999 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 February 1996 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the July 1999 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 12 PARKSIDE be worth now?

12 PARKSIDE might now be worth an estimated £176,418.

This is based on house price inflation of 232.9%, between July 1999 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 232.9% inflationary increase is applied to the most recent sale price for 12 PARKSIDE of £53,000 on 15th July 1999. For the value to have increased from £53,000 to £176,418 over the 24 years and seven months to December 2024, the following assumptions must hold true:

• The value of 12 PARKSIDE has moved in line with the HPI for detached houses in the Preston local authority area.
• The July 1999 sale price of £53,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PARKSIDE has not materially changed since July 1999.

How Large is 12 PARKSIDE?

12 PARKSIDE is 48m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 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 12 PARKSIDE lies on this distribution: Less than 1% of detached houses houses are smaller than 12 PARKSIDE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Preston.

12 PARKSIDE: Plot and Title Map

12 PARKSIDE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 12 PARKSIDE, 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 PARKSIDE). 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 PARKSIDE?

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