231, PARK LANE, PREESALL, POULTON-LE-FYLDE, FY6 0LT - £425,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

231 PARK LANE is a midsized extended detached house of 132m², built sometime between 1930 and 1949. It was last sold for £425,000 in March 2022, which was around 58% above the average March 2022 detached price in the Wyre local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

231 PARK LANE Sold Prices

Land registry data shows four sales for 231 PARK LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. Most of the four 231 PARK LANE sales 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
2022 18 MAR	£425,000	£269,677	58% above HPI
2016 2 DEC	£275,000	£213,302	29% above HPI
2007 17 AUG	£315,000	£230,016	37% above HPI
2002 21 FEB	£97,000	£106,389	9% below HPI

231 PARK 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 four 231 PARK LANE sales between February 2002 and March 2022 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 December 2016 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the March 2022 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is 231 PARK LANE?

231 PARK LANE is 132m², which includes two extensions, according to the EPC inspection conducted in March 2014. This puts it in the largest 50% of detached houses in Preesall, based on EPC data. The below chart shows the distribution of detached houses by size in Preesall, and where 231 PARK LANE lies on this distribution: 53% of detached houses are smaller than 231 PARK LANE, and 47% of houses are larger. Note that EPC data is not available for all properties in Preesall.

231 PARK LANE: Plot and Title Map

231 PARK LANE sits on a plot of roughly 0.143 of an acre, or 578m². The below map shows the location of 231 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 231 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 231 PARK LANE?

231 PARK LANE is located in PREESALL, in the FY6 postcode district. The below map shows the position of No. 231 on PARK LANE.