3, CHERRY CLOSE, FULWOOD, PRESTON, PR2 9SF - £270,000

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.

3 CHERRY CLOSE is a small extended detached house of 90m², built sometime between 1983 and 1990, which could now be worth an estimated £311,442. It was last sold for £270,000 in April 2022, which was around 5% below the average April 2022 detached price in the Preston local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

3 CHERRY CLOSE Sold Prices

Land registry data shows four sales for 3 CHERRY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Preston local authority area for the corresponding sale date. All of the four 3 CHERRY CLOSE 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
2022 22 APR	£270,000	£284,845	5% below HPI
2019 16 APR	£225,000	£246,390	9% below HPI
2007 10 AUG	£190,000	£257,788	26% below HPI
1996 12 DEC	£69,000	£87,961	22% below HPI

3 CHERRY CLOSE 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 four 3 CHERRY CLOSE sales between December 1996 and April 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 April 2019 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the April 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 3 CHERRY CLOSE be worth now?

3 CHERRY CLOSE might now be worth an estimated £311,442.

This is based on house price inflation of 15.3%, between April 2022 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 15.3% inflationary increase is applied to the most recent sale price for 3 CHERRY CLOSE of £270,000 on 22nd April 2022. For the value to have increased from £270,000 to £311,442 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 3 CHERRY CLOSE has moved in line with the HPI for detached houses in the Preston local authority area.
• The April 2022 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHERRY CLOSE has not materially changed since April 2022.

How Large is 3 CHERRY CLOSE?

3 CHERRY CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the smallest 40% of detached houses houses in Preston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Preston, and where 3 CHERRY CLOSE lies on this distribution: 32% of detached houses houses are smaller than 3 CHERRY CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Preston.

3 CHERRY CLOSE: Plot and Title Map

3 CHERRY CLOSE sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 3 CHERRY CLOSE, 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 3 CHERRY CLOSE). 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 3 CHERRY CLOSE?

3 CHERRY CLOSE is located in FULWOOD, in the PR2 postcode district. The below map shows the position of No. 3 on CHERRY CLOSE.