16, FACTORY LANE, PENWORTHAM, PRESTON, PR1 9TD - £67,500

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.

16 FACTORY LANE is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £220,820. It was last sold for £67,500 in September 2000, which was around 32% below the average September 2000 detached price in the South Ribble local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was B.

16 FACTORY LANE Sold Prices

Land registry data shows two sales for 16 FACTORY 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 16 FACTORY 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
2000 1 SEP	£67,500	£99,003	32% below HPI
1998 17 JUL	£60,000	£86,451	31% below HPI

16 FACTORY 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 16 FACTORY LANE sales from July 1998 and September 2000 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 July 1998 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2000 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 16 FACTORY LANE be worth now?

16 FACTORY LANE might now be worth an estimated £220,820.

This is based on house price inflation of 227.1%, between September 2000 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 227.1% inflationary increase is applied to the most recent sale price for 16 FACTORY LANE of £67,500 on 1st September 2000. For the value to have increased from £67,500 to £220,820 over the 25 years and seven months to February 2025, the following assumptions must hold true:

• The value of 16 FACTORY LANE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The September 2000 sale price of £67,500 represented a fair market value for the property.
• The size, condition, and specification of 16 FACTORY LANE has not materially changed since September 2000.

How Large is 16 FACTORY LANE?

16 FACTORY LANE is 74m² according to the EPC inspection conducted in January 2019. 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 16 FACTORY LANE lies on this distribution: 11% of detached houses houses are smaller than 16 FACTORY LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

16 FACTORY LANE: Plot and Title Map

16 FACTORY LANE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 16 FACTORY 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 16 FACTORY 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 16 FACTORY LANE?

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