2, PARK FARM CLOSE, LONGTON, PRESTON, PR4 5ZG - £315,000

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 PARK FARM CLOSE is a midsized extended detached house of 131m², built sometime between 2003 and 2006, which could now be worth an estimated £439,214. It was last sold for £315,000 in September 2016, which was around 36% above the average September 2016 detached price in the South Ribble local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

2 PARK FARM CLOSE Sold Prices

Land registry data shows three sales for 2 PARK FARM 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 South Ribble local authority area for the corresponding sale date. All of the three 2 PARK FARM CLOSE 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
2016 12 SEP	£315,000	£232,283	36% above HPI
2006 21 APR	£249,950	£213,016	17% above HPI
1999 17 DEC	£156,995	£92,423	70% above HPI

2 PARK FARM CLOSE 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 three 2 PARK FARM CLOSE sales between December 1999 and September 2016 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 April 2006 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the September 2016 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 2 PARK FARM CLOSE be worth now?

2 PARK FARM CLOSE might now be worth an estimated £439,214.

This is based on house price inflation of 39.4%, between September 2016 and February 2025, for detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.4% inflationary increase is applied to the most recent sale price for 2 PARK FARM CLOSE of £315,000 on 12th September 2016. For the value to have increased from £315,000 to £439,214 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 PARK FARM CLOSE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The September 2016 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK FARM CLOSE has not materially changed since September 2016.

How Large is 2 PARK FARM CLOSE?

2 PARK FARM CLOSE is 131m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 50% of detached houses houses in Longton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Longton, and where 2 PARK FARM CLOSE lies on this distribution: 52% of detached houses houses are smaller than 2 PARK FARM CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Longton.

2 PARK FARM CLOSE: Plot and Title Map

2 PARK FARM CLOSE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 2 PARK FARM 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 FARM 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 FARM CLOSE?

2 PARK FARM CLOSE is located in LONGTON, in the PR4 postcode district. The below map shows the position of No. 2 on PARK FARM CLOSE.