2, MILLS WAY, CHIPPING, PRESTON, PR3 2DP - £485,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 MILLS WAY is a midsized detached house of 129m², built in 2021. It was last sold for £485,000 in December 2022, which was around 24% above the average December 2022 detached price in the Ribble Valley local authority area. The most recent EPC inspection was June 2021, where the current energy rating was B, and the potential energy rating was A.

2 MILLS WAY Sold Prices

Land registry data shows three sales for 2 MILLS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. Two of the three 2 MILLS WAY sales were for above the average price, whilst one was 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
2022 9 DEC	£485,000	£390,127	24% above HPI
2021 20 AUG	£440,000	£358,711	23% above HPI
2015 18 SEP	£25,000	£310,868	92% below HPI

2 MILLS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The three 2 MILLS WAY sales between September 2015 and December 2022 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 August 2021 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the December 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 2 MILLS WAY?

2 MILLS WAY is 129m² according to the EPC inspection conducted in June 2021. This puts it in the largest 50% of detached houses in Chipping, based on EPC data. The below chart shows the distribution of detached houses by size in Chipping, and where 2 MILLS WAY lies on this distribution: 44% of detached houses are smaller than 2 MILLS WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Chipping.

2 MILLS WAY: Plot and Title Map

2 MILLS WAY sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of 2 MILLS WAY, 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 MILLS WAY). 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 MILLS WAY?

2 MILLS WAY is located in CHIPPING, in the PR3 postcode district. The below map shows the position of No. 2 on MILLS WAY.