3, OAK CLOSE, PENWORTHAM, PRESTON, PR1 0UN - £172,500

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 OAK CLOSE is a very small detached house of 59m², which could now be worth an estimated £232,602. It was last sold for £172,500 in November 2017, which was around 28% below the average November 2017 detached price in the South Ribble local authority area. The most recent EPC inspection was April 2009, where the current energy rating was B, and the potential energy rating was B.

3 OAK CLOSE Sold Prices

Land registry data shows two sales for 3 OAK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 3 OAK 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
2017 3 NOV	£172,500	£240,192	28% below HPI
2010 22 DEC	£147,000	£219,426	33% below HPI

3 OAK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The two 3 OAK CLOSE sales from December 2010 and November 2017 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 2010 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2017 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 3 OAK CLOSE be worth now?

3 OAK CLOSE might now be worth an estimated £232,602.

This is based on house price inflation of 34.8%, between November 2017 and February 2025, for 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 34.8% inflationary increase is applied to the most recent sale price for 3 OAK CLOSE of £172,500 on 3rd November 2017. For the value to have increased from £172,500 to £232,602 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 OAK CLOSE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The November 2017 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of 3 OAK CLOSE has not materially changed since November 2017.

How Large is 3 OAK CLOSE?

3 OAK CLOSE is 59m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 10% of detached houses houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penwortham, and where 3 OAK CLOSE lies on this distribution: 2% of detached houses houses are smaller than 3 OAK CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

3 OAK CLOSE: Plot and Title Map

3 OAK CLOSE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 3 OAK 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 OAK 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 OAK CLOSE?

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