3, WELLS CLOSE, THORNTON-CLEVELEYS, FY5 2UX - £172,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 WELLS CLOSE is a very small detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £243,232. It was last sold for £172,500 in September 2014, which was around 19% below the average September 2014 detached price in the Wyre local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

3 WELLS CLOSE Sold Prices

Land registry data shows three sales for 3 WELLS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. All of the three 3 WELLS 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
2014 17 SEP	£172,500	£213,209	19% below HPI
2014 29 AUG	£170,000	£212,417	20% below HPI
1996 26 JAN	£81,050	£83,647	3% below HPI

3 WELLS CLOSE 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 three 3 WELLS CLOSE sales between January 1996 and September 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 August 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2014 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 3 WELLS CLOSE be worth now?

3 WELLS CLOSE might now be worth an estimated £243,232.

This is based on house price inflation of 41%, between September 2014 and December 2024, for detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41% inflationary increase is applied to the most recent sale price for 3 WELLS CLOSE of £172,500 on 17th September 2014. For the value to have increased from £172,500 to £243,232 over the nine years and nine months to December 2024, the following assumptions must hold true:

• The value of 3 WELLS CLOSE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The September 2014 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of 3 WELLS CLOSE has not materially changed since September 2014.

How Large is 3 WELLS CLOSE?

3 WELLS CLOSE is 82m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 20% of detached houses houses in Thornton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thornton, and where 3 WELLS CLOSE lies on this distribution: 18% of detached houses houses are smaller than 3 WELLS CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Thornton.

3 WELLS CLOSE: Plot and Title Map

3 WELLS CLOSE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 3 WELLS 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 WELLS 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 WELLS CLOSE?

3 WELLS CLOSE is located in THORNTON-CLEVELEYS, in the FY5 postcode district. The below map shows the position of No. 3 on WELLS CLOSE.