2, PARK CLOSE, RIBBLETON, PRESTON, PR2 6YW - £218,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 PARK CLOSE is a very large detached house of 170m², built sometime between 2003 and 2006, which could now be worth an estimated £300,895. It was last sold for £218,000 in November 2015, which was around 8% below the average November 2015 detached price in the Preston local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

2 PARK CLOSE Sold Prices

Land registry data shows three sales for 2 PARK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Preston local authority area for the corresponding sale date. One of the three 2 PARK CLOSE sales was for below the average price, whilst two 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
2015 27 NOV	£218,000	£235,741	8% below HPI
2011 24 JUN	£238,250	£226,253	5% above HPI
2004 7 MAY	£249,950	£184,475	35% above HPI

2 PARK CLOSE 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 three 2 PARK CLOSE sales between May 2004 and November 2015 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 2011 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the November 2015 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 PARK CLOSE be worth now?

2 PARK CLOSE might now be worth an estimated £300,895.

This is based on house price inflation of 38%, between November 2015 and December 2024, 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 38% inflationary increase is applied to the most recent sale price for 2 PARK CLOSE of £218,000 on 27th November 2015. For the value to have increased from £218,000 to £300,895 over the eight years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 PARK CLOSE has moved in line with the HPI for detached houses in the Preston local authority area.
• The November 2015 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK CLOSE has not materially changed since November 2015.

How Large is 2 PARK CLOSE?

2 PARK CLOSE is 170m² according to the EPC inspection conducted in March 2015. This puts it in the largest 10% of detached houses houses in Preston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Preston, and where 2 PARK CLOSE lies on this distribution: 91% of detached houses houses are smaller than 2 PARK CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Preston.

2 PARK CLOSE: Plot and Title Map

2 PARK CLOSE sits on a plot of roughly 3.3 acres, or 13,436m². The below map shows the location of 2 PARK CLOSE, 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 PARK CLOSE). 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 PARK CLOSE?

2 PARK CLOSE is located in RIBBLETON, in the PR2 postcode district. The below map shows the position of No. 2 on PARK CLOSE.