2, THE SHIRES, LEA, PRESTON, PR4 0DN - £722,500

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 THE SHIRES is a very large detached house of 274m², which could now be worth an estimated £837,380. It was last sold for £722,500 in November 2021, which was around 157% above the average November 2021 detached price in the Preston local authority area. The most recent EPC inspection was January 2013, where the current energy rating was C, and the potential energy rating was C.

2 THE SHIRES Sold Prices

Land registry data shows two sales for 2 THE SHIRES 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 THE SHIRES 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
2021 29 NOV	£722,500	£280,743	157% above HPI
2013 20 MAY	£560,000	£217,802	157% above HPI

2 THE SHIRES 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 THE SHIRES sales from May 2013 and November 2021 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 2013 sale was for 157% above the HPI. So the extrapolation line tracks at 157% above the HPI over time, until the November 2021 sale, which was also at 157% above the HPI.

What might 2 THE SHIRES be worth now?

2 THE SHIRES might now be worth an estimated £837,380.

This is based on house price inflation of 15.9%, between November 2021 and December 2024, 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 15.9% inflationary increase is applied to the most recent sale price for 2 THE SHIRES of £722,500 on 29th November 2021. For the value to have increased from £722,500 to £837,380 over the two years and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 THE SHIRES has moved in line with the HPI for detached houses in the Preston local authority area.
• The November 2021 sale price of £722,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE SHIRES has not materially changed since November 2021.

How Large is 2 THE SHIRES?

2 THE SHIRES is 274m² according to the EPC inspection conducted in January 2013. This puts it in the largest 10% 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 THE SHIRES lies on this distribution: 99% of detached houses houses are smaller than 2 THE SHIRES, and 1% of houses are larger. Note that EPC data is not available for all properties in Preston.

2 THE SHIRES: Plot and Title Map

2 THE SHIRES sits on a plot of roughly 0.204 of an acre, or 825m². The below map shows the location of 2 THE SHIRES, 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 SHIRES). 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 SHIRES?

2 THE SHIRES is located in LEA, in the PR4 postcode district. The below map shows the position of No. 2 on THE SHIRES.