2, SPRUCE CLOSE, FULWOOD, PRESTON, PR2 9WB - £218,000

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 SPRUCE CLOSE is a very large extended detached house of 161m², built sometime between 1996 and 2002, which could now be worth an estimated £495,856. It was last sold for £218,000 in February 2003, which was around 51% above the average February 2003 detached price in the Preston local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was C.

2 SPRUCE CLOSE Sold Prices

Land registry data shows two sales for 2 SPRUCE 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 Preston local authority area for the corresponding sale date. Both of the two 2 SPRUCE 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
2003 14 FEB	£218,000	£144,452	51% above HPI
1999 28 MAY	£119,950	£95,004	26% above HPI

2 SPRUCE 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 two 2 SPRUCE CLOSE sales from May 1999 and February 2003 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 May 1999 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the February 2003 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 2 SPRUCE CLOSE be worth now?

2 SPRUCE CLOSE might now be worth an estimated £495,856.

This is based on house price inflation of 127.5%, between February 2003 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 127.5% inflationary increase is applied to the most recent sale price for 2 SPRUCE CLOSE of £218,000 on 14th February 2003. For the value to have increased from £218,000 to £495,856 over the 22 years to February 2025, the following assumptions must hold true:

• The value of 2 SPRUCE CLOSE has moved in line with the HPI for detached houses in the Preston local authority area.
• The February 2003 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPRUCE CLOSE has not materially changed since February 2003.

How Large is 2 SPRUCE CLOSE?

2 SPRUCE CLOSE is 161m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the largest 20% 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 SPRUCE CLOSE lies on this distribution: 88% of detached houses houses are smaller than 2 SPRUCE CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Preston.

2 SPRUCE CLOSE: Plot and Title Map

2 SPRUCE CLOSE sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 2 SPRUCE 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 SPRUCE 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 SPRUCE CLOSE?

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