2, MEDWAY, FULWOOD, PRESTON, PR2 8UY - £235,000

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.

2 MEDWAY is a small extended detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £316,482. It was last sold for £235,000 in November 2018, which was around 4% below the average November 2018 detached price in the Preston local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was D.

2 MEDWAY Sold Prices

Land registry data shows four sales for 2 MEDWAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Preston local authority area for the corresponding sale date. All of the four 2 MEDWAY 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 16 NOV	£235,000	£243,973	4% below HPI
2014 31 JAN	£210,000	£225,605	7% below HPI
2010 24 FEB	£170,000	£227,212	25% below HPI
2002 24 MAY	£114,950	£122,492	6% below HPI

2 MEDWAY 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 four 2 MEDWAY sales between May 2002 and November 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 January 2014 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2018 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 2 MEDWAY be worth now?

2 MEDWAY might now be worth an estimated £316,482.

This is based on house price inflation of 34.7%, between November 2018 and February 2025, for detached houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.7% inflationary increase is applied to the most recent sale price for 2 MEDWAY of £235,000 on 16th November 2018. For the value to have increased from £235,000 to £316,482 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 MEDWAY has moved in line with the HPI for detached houses in the Preston local authority area.
• The November 2018 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MEDWAY has not materially changed since November 2018.

How Large is 2 MEDWAY?

2 MEDWAY is 99m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 30% of detached houses houses in Fulwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fulwood, and where 2 MEDWAY lies on this distribution: 29% of detached houses houses are smaller than 2 MEDWAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Fulwood.

2 MEDWAY: Plot and Title Map

2 MEDWAY sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 2 MEDWAY, 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). 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?

2 MEDWAY is located in FULWOOD, in the PR2 postcode district. The below map shows the position of No. 2 on MEDWAY.