31, WELLFIELD ROAD, LOSTOCK HALL, PRESTON, PR5 5LQ - £223,000

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.

31 WELLFIELD ROAD is a small detached house of 88m², built sometime between 1996 and 2002, which could now be worth an estimated £276,760. It was last sold for £223,000 in November 2020, which was around 15% below the average November 2020 detached price in the South Ribble local authority area. The most recent EPC inspection was June 2020, where the current energy rating was B, and the potential energy rating was B.

31 WELLFIELD ROAD Sold Prices

Land registry data shows three sales for 31 WELLFIELD ROAD 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 WELLFIELD ROAD 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 10 NOV	£223,000	£260,966	15% below HPI
2009 25 SEP	£190,000	£210,291	10% below HPI
2003 1 AUG	£132,000	£156,983	16% below HPI

31 WELLFIELD ROAD 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 WELLFIELD ROAD sales between August 2003 and November 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 September 2009 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2020 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 31 WELLFIELD ROAD be worth now?

31 WELLFIELD ROAD might now be worth an estimated £276,760.

This is based on house price inflation of 24.1%, between November 2020 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 24.1% inflationary increase is applied to the most recent sale price for 31 WELLFIELD ROAD of £223,000 on 10th November 2020. For the value to have increased from £223,000 to £276,760 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 31 WELLFIELD ROAD has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The November 2020 sale price of £223,000 represented a fair market value for the property.
• The size, condition, and specification of 31 WELLFIELD ROAD has not materially changed since November 2020.

How Large is 31 WELLFIELD ROAD?

31 WELLFIELD ROAD is 88m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 30% 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 WELLFIELD ROAD lies on this distribution: 27% of detached houses houses are smaller than 31 WELLFIELD ROAD, and 73% of houses are larger. Note that EPC data is not available for all properties in Bamber Bridge.

31 WELLFIELD ROAD: Plot and Title Map

31 WELLFIELD ROAD sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 31 WELLFIELD ROAD, 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 WELLFIELD ROAD). 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 WELLFIELD ROAD?

31 WELLFIELD ROAD is located in LOSTOCK HALL, in the PR5 postcode district. The below map shows the position of No. 31 on WELLFIELD ROAD.