198A, PARK LANE, PREESALL, POULTON-LE-FYLDE, FY6 0NW - £350,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

198A PARK LANE is a very large detached house of 203m², built sometime between 2007 and 2011. It was last sold for £350,000 in October 2023, which was around 24% above the average October 2023 detached price in the Wyre local authority area. The most recent EPC inspection was June 2022, where the current energy rating was E, and the potential energy rating was D.

198A PARK LANE Sold Prices

Land registry data shows three sales for 198A PARK LANE 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. One of the three 198A PARK LANE sales was for above the average price, whilst two 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 20 OCT	£350,000	£281,324	24% above HPI
2022 11 MAR	£227,123	£269,677	16% below HPI
2016 28 NOV	£95,000	£216,164	56% below HPI

198A PARK LANE 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 198A PARK LANE sales between November 2016 and October 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 March 2022 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2023 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 198A PARK LANE?

198A PARK LANE is 203m² according to the EPC inspection conducted in June 2022. This puts it in the largest 20% of detached houses in Preesall, based on EPC data. The below chart shows the distribution of detached houses by size in Preesall, and where 198A PARK LANE lies on this distribution: 83% of detached houses are smaller than 198A PARK LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Preesall.

198A PARK LANE: Plot and Title Map

198A PARK LANE sits on a plot of roughly 0.146 of an acre, or 589m². The below map shows the location of 198A PARK LANE, 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 198A PARK LANE). 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 198A PARK LANE?

198A PARK LANE is located in PREESALL, in the FY6 postcode district. The below map shows the position of No. 198A on PARK LANE.