12, RIVERMEAD DRIVE, GARSTANG, PRESTON, PR3 1JJ - £370,000

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 RIVERMEAD DRIVE is a very large detached house of 163m², built sometime between 1950 and 1966, which could now be worth an estimated £501,172. It was last sold for £370,000 in December 2015, which was around 67% above the average December 2015 detached price in the Wyre local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was B.

12 RIVERMEAD DRIVE Sold Prices

Land registry data shows two sales for 12 RIVERMEAD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. Both of the two 12 RIVERMEAD DRIVE 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
2015 10 DEC	£370,000	£221,948	67% above HPI
2000 1 JUN	£131,000	£98,024	34% above HPI

12 RIVERMEAD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The two 12 RIVERMEAD DRIVE sales from June 2000 and December 2015 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 2000 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the December 2015 sale, where it rises to 67% above the HPI. The line then continues to track at 67% above the HPI.

What might 12 RIVERMEAD DRIVE be worth now?

12 RIVERMEAD DRIVE might now be worth an estimated £501,172.

This is based on house price inflation of 35.5%, between December 2015 and December 2024, for detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.5% inflationary increase is applied to the most recent sale price for 12 RIVERMEAD DRIVE of £370,000 on 10th December 2015. For the value to have increased from £370,000 to £501,172 over the nine years to December 2024, the following assumptions must hold true:

• The value of 12 RIVERMEAD DRIVE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The December 2015 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 12 RIVERMEAD DRIVE has not materially changed since December 2015.

How Large is 12 RIVERMEAD DRIVE?

12 RIVERMEAD DRIVE is 163m² according to the EPC inspection conducted in February 2016. This puts it in the largest 20% of detached houses houses in Garstang, based on EPC data. The below chart shows the distribution of detached houses houses by size in Garstang, and where 12 RIVERMEAD DRIVE lies on this distribution: 83% of detached houses houses are smaller than 12 RIVERMEAD DRIVE, and 17% of houses are larger. Note that EPC data is not available for all properties in Garstang.

12 RIVERMEAD DRIVE: Plot and Title Map

12 RIVERMEAD DRIVE sits on a plot of roughly 0.222 of an acre, or 899m². The below map shows the location of 12 RIVERMEAD DRIVE, 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 RIVERMEAD DRIVE). 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 RIVERMEAD DRIVE?

12 RIVERMEAD DRIVE is located in GARSTANG, in the PR3 postcode district. The below map shows the position of No. 12 on RIVERMEAD DRIVE.