23, NEW LANE, PENWORTHAM, PRESTON, PR1 9JD - £140,000

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.

23 NEW LANE is a very small semi-detached house of 79m², built sometime between 1950 and 1966, which could now be worth an estimated £194,639. It was last sold for £140,000 in January 2017, which was around 5% below the average January 2017 semi-detached price in the South Ribble local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was B.

23 NEW LANE Sold Prices

Land registry data shows four sales for 23 NEW LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the South Ribble local authority area for the corresponding sale date. two of the four 23 NEW LANE sales were for below the average price, and four were for above 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
2017 27 JAN	£140,000	£147,495	5% below HPI
2013 26 APR	£122,000	£130,177	6% below HPI
2005 22 APR	£136,000	£131,698	3% above HPI
2003 3 JUN	£100,000	£94,875	5% above HPI

23 NEW LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Ribble local authority area over time, sourced from the HPI. The four 23 NEW LANE sales between June 2003 and January 2017 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 April 2013 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2017 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 23 NEW LANE be worth now?

23 NEW LANE might now be worth an estimated £194,639.

This is based on house price inflation of 39%, between January 2017 and February 2025, for semi-detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39% inflationary increase is applied to the most recent sale price for 23 NEW LANE of £140,000 on 27th January 2017. For the value to have increased from £140,000 to £194,639 over the seven years and eleven months to February 2025, the following assumptions must hold true:

• The value of 23 NEW LANE has moved in line with the HPI for semi-detached houses in the South Ribble local authority area.
• The January 2017 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 23 NEW LANE has not materially changed since January 2017.

How Large is 23 NEW LANE?

23 NEW LANE is 79m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 20% of semi-detached houses houses in Penwortham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Penwortham, and where 23 NEW LANE lies on this distribution: 15% of semi-detached houses houses are smaller than 23 NEW LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

23 NEW LANE: Plot and Title Map

23 NEW LANE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 23 NEW 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 23 NEW 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 23 NEW LANE?

23 NEW LANE is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 23 on NEW LANE.