22, TOWER LANE, FULWOOD, PRESTON, PR2 9HP - £130,000

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 TOWER LANE is a very small extended detached house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £159,973. It was last sold for £130,000 in July 2021, which was around 51% below the average July 2021 detached price in the Preston local authority area. The most recent EPC inspection was February 2020, where the current energy rating was F, and the potential energy rating was B.

22 TOWER LANE Sold Prices

Land registry data shows two sales for 22 TOWER 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 Preston local authority area for the corresponding sale date. Both of the two 22 TOWER 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
2021 28 JUL	£130,000	£267,005	51% below HPI
2020 11 MAR	£145,000	£245,282	41% below HPI

22 TOWER LANE 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 22 TOWER LANE sales from March 2020 and July 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 March 2020 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the July 2021 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 22 TOWER LANE be worth now?

22 TOWER LANE might now be worth an estimated £159,973.

This is based on house price inflation of 23.1%, between July 2021 and February 2025, 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 23.1% inflationary increase is applied to the most recent sale price for 22 TOWER LANE of £130,000 on 28th July 2021. For the value to have increased from £130,000 to £159,973 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 22 TOWER LANE has moved in line with the HPI for detached houses in the Preston local authority area.
• The July 2021 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 22 TOWER LANE has not materially changed since July 2021.

How Large is 22 TOWER LANE?

22 TOWER LANE is 77m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of detached houses houses in Fulwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fulwood, and where 22 TOWER LANE lies on this distribution: 8% of detached houses houses are smaller than 22 TOWER LANE, and 91% of houses are larger. Note that EPC data is not available for all properties in Fulwood.

22 TOWER LANE: Plot and Title Map

22 TOWER LANE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 22 TOWER 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 TOWER 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 TOWER LANE?

22 TOWER LANE is located in FULWOOD, in the PR2 postcode district. The below map shows the position of No. 22 on TOWER LANE.