178, SAVICK WAY, LEA, PRESTON, PR2 1XF - £182,000

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

178 SAVICK WAY is a small extended detached house of 85m², built sometime between 1991 and 1995. It was last sold for £182,000 in March 2023, which was around 35% below the average March 2023 detached price in the Preston local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

178 SAVICK WAY Sold Prices

Land registry data shows three sales for 178 SAVICK WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Preston local authority area for the corresponding sale date. All of the three 178 SAVICK 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
2023 24 MAR	£182,000	£281,916	35% below HPI
2005 26 JUN	£56,000	£203,250	72% below HPI
2000 8 DEC	£63,000	£97,141	35% below HPI

178 SAVICK WAY 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 three 178 SAVICK WAY sales between December 2000 and March 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 June 2005 sale was for 72% below the HPI. So the extrapolation line tracks at 72% below the HPI over time, until the March 2023 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 178 SAVICK WAY?

178 SAVICK WAY is 85m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the smallest 30% of detached houses in Preston, based on EPC data. The below chart shows the distribution of detached houses by size in Preston, and where 178 SAVICK WAY lies on this distribution: 25% of detached houses are smaller than 178 SAVICK WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Preston.

178 SAVICK WAY: Plot and Title Map

178 SAVICK WAY sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 178 SAVICK 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 178 SAVICK 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 178 SAVICK WAY?

178 SAVICK WAY is located in LEA, in the PR2 postcode district. The below map shows the position of No. 178 on SAVICK WAY.