2, OLD FOUNDRY PLACE, LONGRIDGE, PRESTON, PR3 2BW - £295,000

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 OLD FOUNDRY PLACE is a large detached house of 135m², which could now be worth an estimated £369,465. It was last sold for £295,000 in May 2021, which was around 12% above the average May 2021 detached price in the Preston local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was B.

2 OLD FOUNDRY PLACE Sold Prices

Land registry data shows two sales for 2 OLD FOUNDRY PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Preston local authority area for the corresponding sale date. Both of the two 2 OLD FOUNDRY PLACE 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 6 MAY	£295,000	£262,344	12% above HPI
2016 19 AUG	£279,000	£240,849	16% above HPI

2 OLD FOUNDRY PLACE 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 two 2 OLD FOUNDRY PLACE sales from August 2016 and May 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 August 2016 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the May 2021 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 2 OLD FOUNDRY PLACE be worth now?

2 OLD FOUNDRY PLACE might now be worth an estimated £369,465.

This is based on house price inflation of 25.2%, between May 2021 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 25.2% inflationary increase is applied to the most recent sale price for 2 OLD FOUNDRY PLACE of £295,000 on 6th May 2021. For the value to have increased from £295,000 to £369,465 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 2 OLD FOUNDRY PLACE has moved in line with the HPI for detached houses in the Preston local authority area.
• The May 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OLD FOUNDRY PLACE has not materially changed since May 2021.

How Large is 2 OLD FOUNDRY PLACE?

2 OLD FOUNDRY PLACE is 135m² according to the EPC inspection conducted in April 2016. This puts it in the largest 40% of detached houses houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Longridge, and where 2 OLD FOUNDRY PLACE lies on this distribution: 65% of detached houses houses are smaller than 2 OLD FOUNDRY PLACE, and 34% of houses are larger. Note that EPC data is not available for all properties in Longridge.

2 OLD FOUNDRY PLACE: Plot and Title Map

2 OLD FOUNDRY PLACE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 2 OLD FOUNDRY PLACE, 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 OLD FOUNDRY PLACE). 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 OLD FOUNDRY PLACE?

2 OLD FOUNDRY PLACE is located in LONGRIDGE, in the PR3 postcode district. The below map shows the position of No. 2 on OLD FOUNDRY PLACE.