3, FLAG LANE, PENWORTHAM, PRESTON, PR1 9TQ - £134,250

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 FLAG LANE is a very small semi-detached house of 72m², built sometime between 1930 and 1949, which could now be worth an estimated £176,912. It was last sold for £134,250 in September 2018, which was around 14% below the average September 2018 semi-detached price in the South Ribble local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

3 FLAG LANE Sold Prices

Land registry data shows three sales for 3 FLAG LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the South Ribble local authority area for the corresponding sale date. All of the three 3 FLAG 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
2018 7 SEP	£134,250	£155,609	14% below HPI
2001 14 DEC	£59,999	£67,412	11% below HPI
1997 2 MAY	£48,000	£49,753	4% below HPI

3 FLAG 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 three 3 FLAG LANE sales between May 1997 and September 2018 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 2001 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2018 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 3 FLAG LANE be worth now?

3 FLAG LANE might now be worth an estimated £176,912.

This is based on house price inflation of 31.8%, between September 2018 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 31.8% inflationary increase is applied to the most recent sale price for 3 FLAG LANE of £134,250 on 7th September 2018. For the value to have increased from £134,250 to £176,912 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 FLAG LANE has moved in line with the HPI for semi-detached houses in the South Ribble local authority area.
• The September 2018 sale price of £134,250 represented a fair market value for the property.
• The size, condition, and specification of 3 FLAG LANE has not materially changed since September 2018.

How Large is 3 FLAG LANE?

3 FLAG LANE is 72m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 10% of semi-detached houses houses in Bamber Bridge, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bamber Bridge, and where 3 FLAG LANE lies on this distribution: 9% of semi-detached houses houses are smaller than 3 FLAG LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Bamber Bridge.

3 FLAG LANE: Plot and Title Map

3 FLAG LANE sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of 3 FLAG 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 3 FLAG 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 3 FLAG LANE?

3 FLAG LANE is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 3 on FLAG LANE.