20, SCHOOL LANE, FORTON, PRESTON, PR3 0AS - £228,000

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.

20 SCHOOL LANE is a midsized detached house of 130m², built sometime between 1950 and 1966, which could now be worth an estimated £297,852. It was last sold for £228,000 in March 2020, which was around 4% below the average March 2020 detached price in the Wyre local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was C.

20 SCHOOL LANE Sold Prices

Land registry data shows three sales for 20 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. All of the three 20 SCHOOL 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
2020 6 MAR	£228,000	£238,623	4% below HPI
2003 20 OCT	£155,500	£167,065	7% below HPI
2000 17 MAR	£75,000	£97,360	23% below HPI

20 SCHOOL 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 three 20 SCHOOL LANE sales between March 2000 and March 2020 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 October 2003 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the March 2020 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 20 SCHOOL LANE be worth now?

20 SCHOOL LANE might now be worth an estimated £297,852.

This is based on house price inflation of 30.6%, between March 2020 and March 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 30.6% inflationary increase is applied to the most recent sale price for 20 SCHOOL LANE of £228,000 on 6th March 2020. For the value to have increased from £228,000 to £297,852 over the five years to March 2025, the following assumptions must hold true:

• The value of 20 SCHOOL LANE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The March 2020 sale price of £228,000 represented a fair market value for the property.
• The size, condition, and specification of 20 SCHOOL LANE has not materially changed since March 2020.

How Large is 20 SCHOOL LANE?

20 SCHOOL LANE is 130m² according to the EPC inspection conducted in September 2019. This puts it in the largest 50% of detached houses houses in Forton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Forton, and where 20 SCHOOL LANE lies on this distribution: 54% of detached houses houses are smaller than 20 SCHOOL LANE, and 45% of houses are larger. Note that EPC data is not available for all properties in Forton.

20 SCHOOL LANE: Plot and Title Map

20 SCHOOL LANE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 20 SCHOOL 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 20 SCHOOL 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 20 SCHOOL LANE?

20 SCHOOL LANE is located in FORTON, in the PR3 postcode district. The below map shows the position of No. 20 on SCHOOL LANE.