2, THE VILLAS, COTTAM, PRESTON, PR4 0LS - £340,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 THE VILLAS is a very large extended detached house of 167m², built sometime between 1996 and 2002. It was last sold for £340,000 in July 2017, which was around 53% above the average July 2017 detached price in the Preston local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was C.

2 THE VILLAS Sold Prices

Land registry data shows three sales for 2 THE VILLAS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Preston local authority area for the corresponding sale date. All of the three 2 THE VILLAS 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
2017 28 JUL	£340,000	£221,817	53% above HPI
2007 20 AUG	£312,000	£241,873	29% above HPI
1997 19 DEC	£128,950	£86,420	49% above HPI

2 THE VILLAS 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 three 2 THE VILLAS sales between December 1997 and July 2017 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 August 2007 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the July 2017 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is 2 THE VILLAS?

2 THE VILLAS is 167m², which includes three extensions, according to the EPC inspection conducted in April 2017. This puts it in the largest 10% of detached houses in Cottam, based on EPC data. The below chart shows the distribution of detached houses by size in Cottam, and where 2 THE VILLAS lies on this distribution: 92% of detached houses are smaller than 2 THE VILLAS, and 8% of houses are larger. Note that EPC data is not available for all properties in Cottam.

2 THE VILLAS: Plot and Title Map

2 THE VILLAS sits on a plot of roughly 0.104 of an acre, or 423m². The below map shows the location of 2 THE VILLAS, 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 VILLAS). 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 VILLAS?

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