3, FRESHFIELDS, LEA, PRESTON, PR2 1TH - £165,000

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

3 FRESHFIELDS is a very small detached house of 79m², built sometime between 1983 and 1990. It was last sold for £165,000 in December 2014, which was around 24% below the average December 2014 detached price in the Preston local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

3 FRESHFIELDS Sold Prices

Land registry data shows four sales for 3 FRESHFIELDS 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 FRESHFIELDS 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
2014 5 DEC	£165,000	£216,374	24% below HPI
2003 4 APR	£124,950	£132,652	6% below HPI
1999 7 MAY	£66,500	£89,138	25% below HPI
1996 31 MAY	£66,000	£81,188	19% below HPI

3 FRESHFIELDS 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 FRESHFIELDS sales between May 1996 and December 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 April 2003 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2014 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 3 FRESHFIELDS?

3 FRESHFIELDS is 79m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% of detached houses in Preston, based on EPC data. The below chart shows the distribution of detached houses by size in Preston, and where 3 FRESHFIELDS lies on this distribution: 18% of detached houses are smaller than 3 FRESHFIELDS, and 81% of houses are larger. Note that EPC data is not available for all properties in Preston.

3 FRESHFIELDS: Plot and Title Map

3 FRESHFIELDS sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 3 FRESHFIELDS, 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 FRESHFIELDS). 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 FRESHFIELDS?

3 FRESHFIELDS is located in LEA, in the PR2 postcode district. The below map shows the position of No. 3 on FRESHFIELDS.