2, SPIRE CLOSE, BAMBER BRIDGE, PRESTON, PR5 6DY - £160,000

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 SPIRE CLOSE is a very small detached house of 62m², which could now be worth an estimated £212,215. It was last sold for £160,000 in January 2020, which was around 34% below the average January 2020 detached price in the South Ribble local authority area. The most recent EPC inspection was December 2015, where the current energy rating was B, and the potential energy rating was A.

2 SPIRE CLOSE Sold Prices

Land registry data shows two sales for 2 SPIRE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 2 SPIRE 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
2020 21 JAN	£160,000	£244,189	34% below HPI
2016 5 OCT	£150,000	£234,993	36% below HPI

2 SPIRE 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 two 2 SPIRE CLOSE sales from October 2016 and January 2020 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 October 2016 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the January 2020 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 2 SPIRE CLOSE be worth now?

2 SPIRE CLOSE might now be worth an estimated £212,215.

This is based on house price inflation of 32.6%, between January 2020 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 32.6% inflationary increase is applied to the most recent sale price for 2 SPIRE CLOSE of £160,000 on 21st January 2020. For the value to have increased from £160,000 to £212,215 over the four years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2 SPIRE CLOSE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The January 2020 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPIRE CLOSE has not materially changed since January 2020.

How Large is 2 SPIRE CLOSE?

2 SPIRE CLOSE is 62m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 10% of detached houses houses in Bamber Bridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bamber Bridge, and where 2 SPIRE CLOSE lies on this distribution: 4% of detached houses houses are smaller than 2 SPIRE CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Bamber Bridge.

2 SPIRE CLOSE: Plot and Title Map

2 SPIRE CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 2 SPIRE 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 SPIRE 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 SPIRE CLOSE?

2 SPIRE CLOSE is located in BAMBER BRIDGE, in the PR5 postcode district. The below map shows the position of No. 2 on SPIRE CLOSE.