2, SPEEDWELL CLOSE, THORNTON-CLEVELEYS, FY5 2ZF - £175,000

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 SPEEDWELL CLOSE is a small extended detached house of 97m², built sometime between 1983 and 1990, which could now be worth an estimated £225,196. It was last sold for £175,000 in July 2018, which was around 25% below the average July 2018 detached price in the Wyre local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

2 SPEEDWELL CLOSE Sold Prices

Land registry data shows three sales for 2 SPEEDWELL 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 Wyre local authority area for the corresponding sale date. All of the three 2 SPEEDWELL CLOSE sales 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
2018 12 JUL	£175,000	£233,622	25% below HPI
2006 3 MAR	£155,000	£214,115	28% below HPI
2003 24 OCT	£124,000	£167,065	26% below HPI

2 SPEEDWELL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The three 2 SPEEDWELL CLOSE sales between October 2003 and July 2018 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 March 2006 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2018 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 SPEEDWELL CLOSE be worth now?

2 SPEEDWELL CLOSE might now be worth an estimated £225,196.

This is based on house price inflation of 28.7%, between July 2018 and December 2024, for detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.7% inflationary increase is applied to the most recent sale price for 2 SPEEDWELL CLOSE of £175,000 on 12th July 2018. For the value to have increased from £175,000 to £225,196 over the five years and seven months to December 2024, the following assumptions must hold true:

• The value of 2 SPEEDWELL CLOSE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The July 2018 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPEEDWELL CLOSE has not materially changed since July 2018.

How Large is 2 SPEEDWELL CLOSE?

2 SPEEDWELL CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 40% of detached houses houses in Thornton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thornton, and where 2 SPEEDWELL CLOSE lies on this distribution: 36% of detached houses houses are smaller than 2 SPEEDWELL CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Thornton.

2 SPEEDWELL CLOSE: Plot and Title Map

2 SPEEDWELL CLOSE sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 2 SPEEDWELL 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 SPEEDWELL 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 SPEEDWELL CLOSE?

2 SPEEDWELL CLOSE is located in THORNTON-CLEVELEYS, in the FY5 postcode district. The below map shows the position of No. 2 on SPEEDWELL CLOSE.