15, MERLECREST DRIVE, TARLETON, PRESTON, PR4 6BD - £189,000

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

15 MERLECREST DRIVE is a very small detached house of 90m², built sometime between 1996 and 2002, which could now be worth an estimated £257,745. It was last sold for £189,000 in May 2018, which was around 30% below the average May 2018 detached price in the West Lancashire local authority area. The most recent EPC inspection was September 2009, where the current energy rating was C, and the potential energy rating was C.

15 MERLECREST DRIVE Sold Prices

Land registry data shows four sales for 15 MERLECREST DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. All of the four 15 MERLECREST DRIVE 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 25 MAY	£189,000	£270,450	30% below HPI
2015 14 AUG	£181,000	£247,203	27% below HPI
2005 22 APR	£185,000	£207,030	11% below HPI
2001 5 OCT	£96,950	£119,499	19% below HPI

15 MERLECREST DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The four 15 MERLECREST DRIVE sales between October 2001 and May 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 August 2015 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 15 MERLECREST DRIVE be worth now?

15 MERLECREST DRIVE might now be worth an estimated £257,745.

This is based on house price inflation of 36.4%, between May 2018 and December 2024, for detached houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.4% inflationary increase is applied to the most recent sale price for 15 MERLECREST DRIVE of £189,000 on 25th May 2018. For the value to have increased from £189,000 to £257,745 over the five years and five months to December 2024, the following assumptions must hold true:

• The value of 15 MERLECREST DRIVE has moved in line with the HPI for detached houses in the West Lancashire local authority area.
• The May 2018 sale price of £189,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MERLECREST DRIVE has not materially changed since May 2018.

How Large is 15 MERLECREST DRIVE?

15 MERLECREST DRIVE is 90m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 20% of detached houses houses in Tarleton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tarleton, and where 15 MERLECREST DRIVE lies on this distribution: 19% of detached houses houses are smaller than 15 MERLECREST DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Tarleton.

15 MERLECREST DRIVE: Plot and Title Map

15 MERLECREST DRIVE sits on a plot of roughly 1.0 acres, or 4,060m². The below map shows the location of 15 MERLECREST 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 15 MERLECREST 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 15 MERLECREST DRIVE?

15 MERLECREST DRIVE is located in TARLETON, in the PR4 postcode district. The below map shows the position of No. 15 on MERLECREST DRIVE.