16, CEDAR WAY, PENWORTHAM, PRESTON, PR1 0PE - £208,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

16 CEDAR WAY is a small extended detached house of 91m², built sometime between 1967 and 1975. It was last sold for £208,500 in April 2019, which was around 17% below the average April 2019 detached price in the South Ribble local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was C.

16 CEDAR WAY Sold Prices

Land registry data shows four sales for 16 CEDAR WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. All of the four 16 CEDAR WAY 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
2019 25 APR	£208,500	£252,170	17% below HPI
2015 29 JUN	£195,000	£223,946	13% below HPI
2014 15 JUL	£200,000	£220,930	9% below HPI
2005 24 JUN	£215,000	£217,640	1% below HPI

16 CEDAR WAY 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 four 16 CEDAR WAY sales between June 2005 and April 2019 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 2015 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2019 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 16 CEDAR WAY?

16 CEDAR WAY is 91m², which includes two extensions, according to the EPC inspection conducted in August 2013. This puts it in the smallest 30% of detached houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses by size in Penwortham, and where 16 CEDAR WAY lies on this distribution: 28% of detached houses are smaller than 16 CEDAR WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

16 CEDAR WAY: Plot and Title Map

16 CEDAR WAY sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 16 CEDAR WAY, 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 16 CEDAR WAY). 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 16 CEDAR WAY?

16 CEDAR WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 16 on CEDAR WAY.