31, PARK LANE, PENWORTHAM, PRESTON, PR1 9JB - £235,000

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

31 PARK LANE is a large extended detached house of 135m², built sometime between 1976 and 1982. It was last sold for £235,000 in June 2020, which was around 9% below the average June 2020 detached price in the South Ribble local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

31 PARK LANE Sold Prices

Land registry data shows two sales for 31 PARK LANE 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. One of the two 31 PARK LANE sales was for below the average price, whilst the other was roughly equal to 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 17 JUN	£235,000	£257,295	9% below HPI
2002 23 AUG	£129,950	£130,052	Close to HPI

31 PARK LANE 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 31 PARK LANE sales from August 2002 and June 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 August 2002 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2020 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 31 PARK LANE?

31 PARK LANE is 135m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the largest 30% of detached houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses by size in Penwortham, and where 31 PARK LANE lies on this distribution: 71% of detached houses are smaller than 31 PARK LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

31 PARK LANE: Plot and Title Map

31 PARK LANE sits on a plot of roughly 0.167 of an acre, or 674m². The below map shows the location of 31 PARK LANE, 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 PARK LANE). 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 PARK LANE?

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