18, SPRINGVALE, FORTON, PRESTON, PR3 0BQ - £205,000

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.

18 SPRINGVALE is a very small detached house of 101m², built sometime between 1950 and 1966, which could now be worth an estimated £291,478. It was last sold for £205,000 in March 2016, which was around 6% below the average March 2016 detached price in the Wyre local authority area. The most recent EPC inspection was September 2015, where the current energy rating was E, and the potential energy rating was B.

18 SPRINGVALE Sold Prices

Land registry data shows three sales for 18 SPRINGVALE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. Two of the three 18 SPRINGVALE sales were for below the average price, whilst one was 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
2016 14 MAR	£205,000	£218,068	6% below HPI
2004 20 FEB	£176,000	£181,861	3% below HPI
1997 25 APR	£89,000	£87,491	2% above HPI

18 SPRINGVALE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The three 18 SPRINGVALE sales between April 1997 and March 2016 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 February 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2016 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 18 SPRINGVALE be worth now?

18 SPRINGVALE might now be worth an estimated £291,478.

This is based on house price inflation of 42.2%, between March 2016 and February 2025, for detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.2% inflationary increase is applied to the most recent sale price for 18 SPRINGVALE of £205,000 on 14th March 2016. For the value to have increased from £205,000 to £291,478 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of 18 SPRINGVALE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The March 2016 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 18 SPRINGVALE has not materially changed since March 2016.

How Large is 18 SPRINGVALE?

18 SPRINGVALE is 101m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 20% of detached houses houses in Forton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Forton, and where 18 SPRINGVALE lies on this distribution: 11% of detached houses houses are smaller than 18 SPRINGVALE, and 89% of houses are larger. Note that EPC data is not available for all properties in Forton.

18 SPRINGVALE: Plot and Title Map

18 SPRINGVALE sits on a plot of roughly 0.077 of an acre, or 311m². The below map shows the location of 18 SPRINGVALE, 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 18 SPRINGVALE). 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 18 SPRINGVALE?

18 SPRINGVALE is located in FORTON, in the PR3 postcode district. The below map shows the position of No. 18 on SPRINGVALE.