2, THE PARKLANDS, CATTERALL, PRESTON, PR3 1YT - £275,000

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 THE PARKLANDS is a very small detached house of 85m², built sometime between 1996 and 2002, which could now be worth an estimated £286,524. It was last sold for £275,000 in August 2024, which was around 8% below the average August 2024 detached price in the Wyre local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was C.

2 THE PARKLANDS Sold Prices

Land registry data shows two sales for 2 THE PARKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. Both of the two 2 THE PARKLANDS 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
2024 30 AUG	£275,000	£297,588	8% below HPI
1995 12 DEC	£75,000	£82,684	9% below HPI

2 THE PARKLANDS 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 two 2 THE PARKLANDS sales from December 1995 and August 2024 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 December 1995 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2024 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 THE PARKLANDS be worth now?

2 THE PARKLANDS might now be worth an estimated £286,524.

This is based on house price inflation of 4.2%, between August 2024 and February 2025, 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 4.2% inflationary increase is applied to the most recent sale price for 2 THE PARKLANDS of £275,000 on 30th August 2024. For the value to have increased from £275,000 to £286,524 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 2 THE PARKLANDS has moved in line with the HPI for detached houses in the Wyre local authority area.
• The August 2024 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE PARKLANDS has not materially changed since August 2024.

How Large is 2 THE PARKLANDS?

2 THE PARKLANDS is 85m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of detached houses houses in Catterall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Catterall, and where 2 THE PARKLANDS lies on this distribution: 10% of detached houses houses are smaller than 2 THE PARKLANDS, and 89% of houses are larger. Note that EPC data is not available for all properties in Catterall.

2 THE PARKLANDS: Plot and Title Map

2 THE PARKLANDS sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 2 THE PARKLANDS, 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 THE PARKLANDS). 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 THE PARKLANDS?

2 THE PARKLANDS is located in CATTERALL, in the PR3 postcode district. The below map shows the position of No. 2 on THE PARKLANDS.