31, CROMWELL WAY, PENWORTHAM, PRESTON, PR1 9SB - £240,000

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

31 CROMWELL WAY is a midsized detached house of 105m², built sometime between 2003 and 2006. It was last sold for £240,000 in February 2020, which was around 2% below the average February 2020 detached price in the South Ribble local authority area. The most recent EPC inspection was July 2024, where the current energy rating was C, and the potential energy rating was B.

31 CROMWELL WAY Sold Prices

Land registry data shows three sales for 31 CROMWELL WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. All of the three 31 CROMWELL WAY 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
2020 7 FEB	£240,000	£245,916	2% below HPI
2012 28 MAR	£195,000	£204,373	5% below HPI
2004 6 DEC	£196,450	£197,824	1% below HPI

31 CROMWELL WAY 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 three 31 CROMWELL WAY sales between December 2004 and February 2020 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 March 2012 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2020 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 31 CROMWELL WAY be worth now?

31 CROMWELL WAY might now be worth an estimated £315,953.

This is based on house price inflation of 31.6%, between February 2020 and December 2024, 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 31.6% inflationary increase is applied to the most recent sale price for 31 CROMWELL WAY of £240,000 on 7th February 2020. For the value to have increased from £240,000 to £315,953 over the three years and two months to December 2024, the following assumptions must hold true:

• The value of 31 CROMWELL WAY has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The February 2020 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 31 CROMWELL WAY has not materially changed since February 2020.

How Large is 31 CROMWELL WAY?

31 CROMWELL WAY is 105m² according to the EPC inspection conducted in July 2024. This puts it in the largest 50% of detached houses houses in Bamber Bridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bamber Bridge, and where 31 CROMWELL WAY lies on this distribution: 50% of detached houses houses are smaller than 31 CROMWELL WAY, and 48% of houses are larger. Note that EPC data is not available for all properties in Bamber Bridge.

31 CROMWELL WAY: Plot and Title Map

31 CROMWELL WAY sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 31 CROMWELL WAY, 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 31 CROMWELL WAY). 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 31 CROMWELL WAY?

31 CROMWELL WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 31 on CROMWELL WAY.