2, CHERRY TREE DRIVE, COTTAM, PRESTON, PR4 0EL - £320,000

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

2 CHERRY TREE DRIVE is a large detached house of 124m². It was last sold for £320,000 in October 2023, which was around 10% above the average October 2023 detached price in the Preston local authority area. The most recent EPC inspection was December 2018, where the current energy rating was B, and the potential energy rating was B.

2 CHERRY TREE DRIVE Sold Prices

Land registry data shows three sales for 2 CHERRY TREE 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 Preston local authority area for the corresponding sale date. All of the three 2 CHERRY TREE DRIVE sales were 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
2023 30 OCT	£320,000	£290,630	10% above HPI
2022 11 APR	£320,000	£267,259	20% above HPI
2018 14 DEC	£306,995	£231,533	33% above HPI

2 CHERRY TREE DRIVE 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 2 CHERRY TREE DRIVE sales between December 2018 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 April 2022 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the October 2023 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 2 CHERRY TREE DRIVE?

2 CHERRY TREE DRIVE is 124m² according to the EPC inspection conducted in December 2018. This puts it in the largest 40% of detached houses in Cottam, based on EPC data. The below chart shows the distribution of detached houses by size in Cottam, and where 2 CHERRY TREE DRIVE lies on this distribution: 63% of detached houses are smaller than 2 CHERRY TREE DRIVE, and 36% of houses are larger. Note that EPC data is not available for all properties in Cottam.

2 CHERRY TREE DRIVE: Plot and Title Map

2 CHERRY TREE DRIVE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 2 CHERRY TREE 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 2 CHERRY TREE 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 2 CHERRY TREE DRIVE?

2 CHERRY TREE DRIVE is located in COTTAM, in the PR4 postcode district. The below map shows the position of No. 2 on CHERRY TREE DRIVE.