2, MERCHANTS FOLD, LONGTON, PRESTON, PR4 5YF - £260,000

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 MERCHANTS FOLD is a small detached house of 109m², built sometime between 1991 and 1995. It was last sold for £260,000 in August 2021, which was around 9% below the average August 2021 detached price in the South Ribble local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

2 MERCHANTS FOLD Sold Prices

Land registry data shows four sales for 2 MERCHANTS FOLD 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. Most of the four 2 MERCHANTS FOLD 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
2021 31 AUG	£260,000	£287,091	9% below HPI
2004 8 OCT	£245,000	£200,123	22% above HPI
2001 31 AUG	£135,000	£108,448	24% above HPI
2000 2 JUN	£108,000	£97,727	11% above HPI

2 MERCHANTS FOLD 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 MERCHANTS FOLD sales between June 2000 and August 2021 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 2004 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the August 2021 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 2 MERCHANTS FOLD?

2 MERCHANTS FOLD is 109m² according to the EPC inspection conducted in June 2019. This puts it in the smallest 40% of detached houses in Longton, based on EPC data. The below chart shows the distribution of detached houses by size in Longton, and where 2 MERCHANTS FOLD lies on this distribution: 33% of detached houses are smaller than 2 MERCHANTS FOLD, and 66% of houses are larger. Note that EPC data is not available for all properties in Longton.

2 MERCHANTS FOLD: Plot and Title Map

2 MERCHANTS FOLD sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 2 MERCHANTS FOLD, 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 MERCHANTS FOLD). 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 MERCHANTS FOLD?

2 MERCHANTS FOLD is located in LONGTON, in the PR4 postcode district. The below map shows the position of No. 2 on MERCHANTS FOLD.