16, REDWOOD DRIVE, LONGRIDGE, PRESTON, PR3 3HA - £195,000

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 very small extended detached house of 79m², built sometime between 1996 and 2002. It was last sold for £195,000 in December 2015, which was around 37% below the average December 2015 detached price in the Ribble Valley local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

16 REDWOOD DRIVE Sold Prices

Land registry data shows three sales for 16 REDWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. All of the three 16 REDWOOD 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
2015 18 DEC	£195,000	£309,080	37% below HPI
1999 29 OCT	£88,000	£121,302	27% below HPI
1998 27 FEB	£81,150	£106,780	24% below HPI

16 REDWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The three 16 REDWOOD DRIVE sales between February 1998 and December 2015 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 October 1999 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2015 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 16 REDWOOD DRIVE?

16 REDWOOD DRIVE is 79m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the smallest 10% of detached houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses by size in Longridge, and where 16 REDWOOD DRIVE lies on this distribution: 7% of detached houses are smaller than 16 REDWOOD DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Longridge.

16 REDWOOD DRIVE: Plot and Title Map

16 REDWOOD DRIVE sits on a plot of roughly 0.071 of an acre, or 286m². 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 LONGRIDGE, in the PR3 postcode district. The below map shows the position of No. 16 on REDWOOD DRIVE.