31, LACY AVENUE, PENWORTHAM, PRESTON, PR1 9NX - £150,000

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 LACY AVENUE is a very small detached house of 76m², built sometime between 1991 and 1995, which could now be worth an estimated £162,980. It was last sold for £150,000 in July 2022, which was around 50% below the average July 2022 detached price in the South Ribble local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

31 LACY AVENUE Sold Prices

Land registry data shows three sales for 31 LACY AVENUE 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 LACY AVENUE 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
2022 8 JUL	£150,000	£297,957	50% below HPI
2006 17 AUG	£140,000	£219,016	36% below HPI
2003 30 MAY	£81,000	£151,101	46% below HPI

31 LACY AVENUE 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 LACY AVENUE sales between May 2003 and July 2022 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 2006 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2022 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 31 LACY AVENUE be worth now?

31 LACY AVENUE might now be worth an estimated £162,980.

This is based on house price inflation of 8.7%, between July 2022 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 8.7% inflationary increase is applied to the most recent sale price for 31 LACY AVENUE of £150,000 on 8th July 2022. For the value to have increased from £150,000 to £162,980 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of 31 LACY AVENUE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The July 2022 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 31 LACY AVENUE has not materially changed since July 2022.

How Large is 31 LACY AVENUE?

31 LACY AVENUE is 76m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 20% 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 31 LACY AVENUE lies on this distribution: 12% of detached houses houses are smaller than 31 LACY AVENUE, and 87% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

31 LACY AVENUE: Plot and Title Map

31 LACY AVENUE sits on a plot of roughly 0.041 of an acre, or 164m². The below map shows the location of 31 LACY AVENUE, 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 LACY AVENUE). 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 LACY AVENUE?

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