34, BANKHEAD LANE, HOGHTON, PRESTON, PR5 0AB - £353,000

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

34 BANKHEAD LANE is a very large detached house of 200m², built sometime between 1967 and 1975. It was last sold for £353,000 in February 2023, which was around 13% above the average February 2023 detached price in the South Ribble local authority area. The most recent EPC inspection was February 2015, where the current energy rating was F, and the potential energy rating was D.

34 BANKHEAD LANE Sold Prices

Land registry data shows two sales for 34 BANKHEAD 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 34 BANKHEAD LANE sales was for above the average price, whilst the other was 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
2023 10 FEB	£353,000	£313,180	13% above HPI
2022 31 OCT	£300,000	£316,361	5% below HPI

34 BANKHEAD 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 34 BANKHEAD LANE sales from October 2022 and February 2023 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 October 2022 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2023 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 34 BANKHEAD LANE?

34 BANKHEAD LANE is 200m² according to the EPC inspection conducted in February 2015. This puts it in the largest 10% of detached houses in Gregson Lane, based on EPC data. The below chart shows the distribution of detached houses by size in Gregson Lane, and where 34 BANKHEAD LANE lies on this distribution: 93% of detached houses are smaller than 34 BANKHEAD LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Gregson Lane.

34 BANKHEAD LANE: Plot and Title Map

34 BANKHEAD LANE sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of 34 BANKHEAD 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 34 BANKHEAD 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 34 BANKHEAD LANE?

34 BANKHEAD LANE is located in HOGHTON, in the PR5 postcode district. The below map shows the position of No. 34 on BANKHEAD LANE.