16, SPEY CLOSE, LEYLAND, PR25 1RU - £225,000

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 SPEY CLOSE is a small detached house of 88m², built sometime between 1991 and 1995. It was last sold for £225,000 in June 2024, which was around 30% below the average June 2024 detached price in the South Ribble local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

16 SPEY CLOSE Sold Prices

Land registry data shows four sales for 16 SPEY CLOSE 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 SPEY CLOSE 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
2024 7 JUN	£225,000	£321,350	30% below HPI
2004 1 JUL	£144,950	£196,544	26% below HPI
2002 11 DEC	£106,000	£139,799	24% below HPI
1998 3 JUN	£60,000	£89,224	33% below HPI

16 SPEY CLOSE 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 SPEY CLOSE sales between June 1998 and June 2024 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 2004 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2024 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 16 SPEY CLOSE?

16 SPEY CLOSE is 88m² according to the EPC inspection conducted in April 2024. This puts it in the smallest 30% of detached houses in Leyland, based on EPC data. The below chart shows the distribution of detached houses by size in Leyland, and where 16 SPEY CLOSE lies on this distribution: 21% of detached houses are smaller than 16 SPEY CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Leyland.

16 SPEY CLOSE: Plot and Title Map

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

16 SPEY CLOSE is located in LEYLAND, in the PR25 postcode district. The below map shows the position of No. 16 on SPEY CLOSE.