23, WALLACE LANE, FORTON, PRESTON, PR3 0BA - £182,000

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 WALLACE LANE is a very small extended detached house of 103m², built sometime between 1950 and 1966, which could now be worth an estimated £266,173. It was last sold for £182,000 in July 2014, which was around 14% below the average July 2014 detached price in the Wyre local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

23 WALLACE LANE Sold Prices

Land registry data shows two sales for 23 WALLACE 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 Wyre local authority area for the corresponding sale date. One of the two 23 WALLACE LANE sales was for below the average price, whilst the other was roughly equal to 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
2014 2 JUL	£182,000	£212,008	14% below HPI
1995 19 JUN	£81,500	£81,669	Close to HPI

23 WALLACE 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 two 23 WALLACE LANE sales from June 1995 and July 2014 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 June 1995 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2014 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 23 WALLACE LANE be worth now?

23 WALLACE LANE might now be worth an estimated £266,173.

This is based on house price inflation of 46.2%, between July 2014 and February 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 46.2% inflationary increase is applied to the most recent sale price for 23 WALLACE LANE of £182,000 on 2nd July 2014. For the value to have increased from £182,000 to £266,173 over the eleven years and five months to February 2025, the following assumptions must hold true:

• The value of 23 WALLACE LANE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The July 2014 sale price of £182,000 represented a fair market value for the property.
• The size, condition, and specification of 23 WALLACE LANE has not materially changed since July 2014.

How Large is 23 WALLACE LANE?

23 WALLACE LANE is 103m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% 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 23 WALLACE LANE lies on this distribution: 13% of detached houses houses are smaller than 23 WALLACE LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Forton.

23 WALLACE LANE: Plot and Title Map

23 WALLACE LANE sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 23 WALLACE 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 WALLACE 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 WALLACE LANE?

23 WALLACE LANE is located in FORTON, in the PR3 postcode district. The below map shows the position of No. 23 on WALLACE LANE.