2, MEDWAY CLOSE, LOSTOCK HALL, PRESTON, PR5 5AF - £164,635

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

2 MEDWAY CLOSE is a small extended detached house of 95m², built sometime between 1996 and 2002. It was last sold for £164,635 in August 2005, which was around 24% below the average August 2005 detached price in the South Ribble local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

2 MEDWAY CLOSE Sold Prices

Land registry data shows two sales for 2 MEDWAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 2 MEDWAY CLOSE 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
2005 25 AUG	£164,635	£217,100	24% below HPI
2000 27 OCT	£81,950	£101,386	19% below HPI

2 MEDWAY CLOSE 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 two 2 MEDWAY CLOSE sales from October 2000 and August 2005 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 October 2000 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2005 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 2 MEDWAY CLOSE?

2 MEDWAY CLOSE is 95m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 40% of detached houses in Bamber Bridge, based on EPC data. The below chart shows the distribution of detached houses by size in Bamber Bridge, and where 2 MEDWAY CLOSE lies on this distribution: 36% of detached houses are smaller than 2 MEDWAY CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Bamber Bridge.

2 MEDWAY CLOSE: Plot and Title Map

2 MEDWAY CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 2 MEDWAY CLOSE, 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 MEDWAY CLOSE). 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 MEDWAY CLOSE?

2 MEDWAY CLOSE is located in LOSTOCK HALL, in the PR5 postcode district. The below map shows the position of No. 2 on MEDWAY CLOSE.