2, MILL LANE, HESKETH BANK, PRESTON, PR4 6RA - £152,500

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 MILL LANE is a small semi-detached house of 107m², built sometime between 1900 and 1929, which could now be worth an estimated £234,891. It was last sold for £152,500 in November 2013, which was around 5% above the average November 2013 semi-detached price in the West Lancashire local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was C.

2 MILL LANE Sold Prices

Land registry data shows four sales for 2 MILL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the West Lancashire local authority area for the corresponding sale date. two of the four 2 MILL LANE sales were for above the average price, and four 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
2013 15 NOV	£152,500	£144,748	5% above HPI
2003 25 JUN	£94,000	£87,853	7% above HPI
2000 10 NOV	£56,000	£63,757	12% below HPI
1998 9 JAN	£44,500	£54,336	18% below HPI

2 MILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lancashire local authority area over time, sourced from the HPI. The four 2 MILL LANE sales between January 1998 and November 2013 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 June 2003 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the November 2013 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 2 MILL LANE be worth now?

2 MILL LANE might now be worth an estimated £234,891.

This is based on house price inflation of 54%, between November 2013 and February 2025, for semi-detached houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 54% inflationary increase is applied to the most recent sale price for 2 MILL LANE of £152,500 on 15th November 2013. For the value to have increased from £152,500 to £234,891 over the twelve years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 MILL LANE has moved in line with the HPI for semi-detached houses in the West Lancashire local authority area.
• The November 2013 sale price of £152,500 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL LANE has not materially changed since November 2013.

How Large is 2 MILL LANE?

2 MILL LANE is 107m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 40% of semi-detached houses houses in Becconsall, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Becconsall, and where 2 MILL LANE lies on this distribution: 38% of semi-detached houses houses are smaller than 2 MILL LANE, and 62% of houses are larger. Note that EPC data is not available for all properties in Becconsall.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.039 of an acre, or 156m². The below map shows the location of 2 MILL 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 MILL 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 MILL LANE?

2 MILL LANE is located in HESKETH BANK, in the PR4 postcode district. The below map shows the position of No. 2 on MILL LANE.