38, REDWOOD DRIVE, LONGRIDGE, PRESTON, PR3 3HA - £260,000

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.

38 REDWOOD DRIVE is a small detached house of 108m², built sometime between 1996 and 2002, which could now be worth an estimated £312,907. It was last sold for £260,000 in November 2018, which was around 26% below the average November 2018 detached price in the Ribble Valley local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

38 REDWOOD DRIVE Sold Prices

Land registry data shows two sales for 38 REDWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. One of the two 38 REDWOOD DRIVE sales was for below the average price, whilst the other was for above 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
2018 20 NOV	£260,000	£352,612	26% below HPI
1997 30 MAY	£110,700	£100,303	10% above HPI

38 REDWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The two 38 REDWOOD DRIVE sales from May 1997 and November 2018 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 May 1997 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the November 2018 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 38 REDWOOD DRIVE be worth now?

38 REDWOOD DRIVE might now be worth an estimated £312,907.

This is based on house price inflation of 20.3%, between November 2018 and February 2025, for detached houses, in the Ribble Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.3% inflationary increase is applied to the most recent sale price for 38 REDWOOD DRIVE of £260,000 on 20th November 2018. For the value to have increased from £260,000 to £312,907 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 38 REDWOOD DRIVE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The November 2018 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 38 REDWOOD DRIVE has not materially changed since November 2018.

How Large is 38 REDWOOD DRIVE?

38 REDWOOD DRIVE is 108m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 40% of detached houses houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Longridge, and where 38 REDWOOD DRIVE lies on this distribution: 31% of detached houses houses are smaller than 38 REDWOOD DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Longridge.

38 REDWOOD DRIVE: Plot and Title Map

38 REDWOOD DRIVE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 38 REDWOOD DRIVE, 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 38 REDWOOD DRIVE). 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 38 REDWOOD DRIVE?

38 REDWOOD DRIVE is located in LONGRIDGE, in the PR3 postcode district. The below map shows the position of No. 38 on REDWOOD DRIVE.