122, COP LANE, PENWORTHAM, PRESTON, PR1 0US - £187,000

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.

122 COP LANE is a very small extended detached house of 81m², built sometime before 1900, which could now be worth an estimated £243,422. It was last sold for £187,000 in November 2018, which was around 25% below the average November 2018 detached price in the South Ribble local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was C.

122 COP LANE Sold Prices

Land registry data shows two sales for 122 COP LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 122 COP LANE 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
2018 23 NOV	£187,000	£248,808	25% below HPI
2007 12 JAN	£179,000	£230,146	22% below HPI

122 COP LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The two 122 COP LANE sales from January 2007 and November 2018 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 January 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2018 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 122 COP LANE be worth now?

122 COP LANE might now be worth an estimated £243,422.

This is based on house price inflation of 30.2%, between November 2018 and February 2025, for detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.2% inflationary increase is applied to the most recent sale price for 122 COP LANE of £187,000 on 23rd November 2018. For the value to have increased from £187,000 to £243,422 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 122 COP LANE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The November 2018 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of 122 COP LANE has not materially changed since November 2018.

How Large is 122 COP LANE?

122 COP LANE is 81m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 20% of detached houses houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penwortham, and where 122 COP LANE lies on this distribution: 16% of detached houses houses are smaller than 122 COP LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

122 COP LANE: Plot and Title Map

122 COP LANE sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 122 COP LANE, 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 122 COP LANE). 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 122 COP LANE?

122 COP LANE is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 122 on COP LANE.