2, GARDEN LANE, PENWORTHAM, PRESTON, PR1 9AF - £220,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 GARDEN LANE is a small detached house of 98m². It was last sold for £220,000 in January 2018, which was around 7% below the average January 2018 detached price in the South Ribble local authority area. The most recent EPC inspection was August 2017, where the current energy rating was B, and the potential energy rating was A.

2 GARDEN LANE Sold Prices

Land registry data shows four sales for 2 GARDEN LANE 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 2 GARDEN LANE 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
2018 24 JAN	£220,000	£237,777	7% below HPI
2016 6 JUL	£216,000	£231,286	7% below HPI
2016 10 JUN	£216,000	£232,614	7% below HPI
2016 5 FEB	£190,000	£223,091	15% below HPI

2 GARDEN LANE 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 2 GARDEN LANE sales between February 2016 and January 2018 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 2016 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2018 sale, which was also at 7% below the HPI.

What might 2 GARDEN LANE be worth now?

2 GARDEN LANE might now be worth an estimated £299,537.

This is based on house price inflation of 36.2%, between January 2018 and December 2024, for detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.2% inflationary increase is applied to the most recent sale price for 2 GARDEN LANE of £220,000 on 24th January 2018. For the value to have increased from £220,000 to £299,537 over the five years and one month to December 2024, the following assumptions must hold true:

• The value of 2 GARDEN LANE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The January 2018 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GARDEN LANE has not materially changed since January 2018.

How Large is 2 GARDEN LANE?

2 GARDEN LANE is 98m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 40% of detached houses houses in Bamber Bridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bamber Bridge, and where 2 GARDEN LANE lies on this distribution: 39% of detached houses houses are smaller than 2 GARDEN LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Bamber Bridge.

2 GARDEN LANE: Plot and Title Map

2 GARDEN LANE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 2 GARDEN 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 2 GARDEN 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 2 GARDEN LANE?

2 GARDEN LANE is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 2 on GARDEN LANE.