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

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

22 TOWER LANE is a very small extended detached house of 77m², built sometime between 1950 and 1966. It was last sold for £130,000 in July 2021, which was around 48% 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	£250,520	48% below HPI
2020 11 MAR	£145,000	£230,139	37% 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 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the July 2021 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

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 in Fulwood, based on EPC data. The below chart shows the distribution of detached houses by size in Fulwood, and where 22 TOWER LANE lies on this distribution: 8% of detached 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.