16, REDWOOD DRIVE, COTTAM, PRESTON, PR4 0EX - £295,000

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 REDWOOD DRIVE is a small detached house of 99m². It was last sold for £295,000 in June 2023, which was around 6% above the average June 2023 detached price in the Preston local authority area. The most recent EPC inspection was April 2019, where the current energy rating was B, and the potential energy rating was B.

16 REDWOOD DRIVE Sold Prices

Land registry data shows two sales for 16 REDWOOD 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 Preston local authority area for the corresponding sale date. Both of the two 16 REDWOOD 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
2023 30 JUN	£295,000	£278,256	6% above HPI
2019 26 APR	£246,750	£231,178	7% above HPI

16 REDWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The two 16 REDWOOD DRIVE sales from April 2019 and June 2023 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 April 2019 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the June 2023 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 16 REDWOOD DRIVE?

16 REDWOOD DRIVE is 99m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 30% of detached houses in Cottam, based on EPC data. The below chart shows the distribution of detached houses by size in Cottam, and where 16 REDWOOD DRIVE lies on this distribution: 23% of detached houses are smaller than 16 REDWOOD DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Cottam.

16 REDWOOD DRIVE: Plot and Title Map

16 REDWOOD DRIVE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 16 REDWOOD 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 16 REDWOOD 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 16 REDWOOD DRIVE?

16 REDWOOD DRIVE is located in COTTAM, in the PR4 postcode district. The below map shows the position of No. 16 on REDWOOD DRIVE.