2, WALLACE LANE, FORTON, PRESTON, PR3 0BA - £168,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 WALLACE LANE is a very small semi-detached house of 100m², built sometime between 1950 and 1966. It was last sold for £168,000 in May 2014, which was around 18% below the average May 2014 detached price in the Wyre local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was C.

2 WALLACE LANE Sold Prices

Land registry data shows two sales for 2 WALLACE LANE 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 WALLACE LANE 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
2014 30 MAY	£168,000	£205,228	18% below HPI
2005 23 NOV	£145,000	£203,989	29% below HPI

2 WALLACE LANE 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 WALLACE LANE sales from November 2005 and May 2014 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 November 2005 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the May 2014 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 2 WALLACE LANE?

2 WALLACE LANE is 100m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 20% of detached houses in Forton, based on EPC data. The below chart shows the distribution of detached houses by size in Forton, and where 2 WALLACE LANE lies on this distribution: 10% of detached houses are smaller than 2 WALLACE LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Forton.

2 WALLACE LANE: Plot and Title Map

2 WALLACE LANE sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of 2 WALLACE LANE, 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 WALLACE LANE). 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 WALLACE LANE?

2 WALLACE LANE is located in FORTON, in the PR3 postcode district. The below map shows the position of No. 2 on WALLACE LANE.