22, PARK LANE, WESHAM, PRESTON, PR4 3HG - £185,000

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.

22 PARK LANE is a very small semi-detached house of 81m², built sometime between 1950 and 1966, which could now be worth an estimated £240,432. It was last sold for £185,000 in July 2020, which was around 5% below the average July 2020 semi-detached price in the Fylde local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

22 PARK LANE Sold Prices

Land registry data shows two sales for 22 PARK LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Fylde local authority area for the corresponding sale date. Both of the two 22 PARK 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 17 JUL	£185,000	£193,729	5% below HPI
2019 29 MAR	£125,000	£188,365	34% below HPI

22 PARK LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Fylde local authority area over time, sourced from the HPI. The two 22 PARK LANE sales from March 2019 and July 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 March 2019 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the July 2020 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 22 PARK LANE be worth now?

22 PARK LANE might now be worth an estimated £240,432.

This is based on house price inflation of 30%, between July 2020 and February 2025, for semi-detached houses, in the Fylde local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30% inflationary increase is applied to the most recent sale price for 22 PARK LANE of £185,000 on 17th July 2020. For the value to have increased from £185,000 to £240,432 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 22 PARK LANE has moved in line with the HPI for semi-detached houses in the Fylde local authority area.
• The July 2020 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 22 PARK LANE has not materially changed since July 2020.

How Large is 22 PARK LANE?

22 PARK LANE is 81m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 20% of semi-detached houses houses in Wesham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Wesham, and where 22 PARK LANE lies on this distribution: 12% of semi-detached houses houses are smaller than 22 PARK LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Wesham.

22 PARK LANE: Plot and Title Map

22 PARK LANE sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 22 PARK 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 22 PARK 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 22 PARK LANE?

22 PARK LANE is located in WESHAM, in the PR4 postcode district. The below map shows the position of No. 22 on PARK LANE.