4, GRAVEL CLOSE, BANKS, SOUTHPORT, PR9 8FR - £255,000

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

4 GRAVEL CLOSE is a very small detached house of 68m², built sometime between 1996 and 2002. It was last sold for £255,000 in May 2021, which was around 15% below the average May 2021 detached price in the West Lancashire local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

4 GRAVEL CLOSE Sold Prices

Land registry data shows three sales for 4 GRAVEL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. Two of the three 4 GRAVEL CLOSE sales were for below the average price, whilst one 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
2021 12 MAY	£255,000	£300,357	15% below HPI
2004 27 FEB	£169,950	£166,309	2% above HPI
1997 3 JUL	£78,500	£93,978	16% below HPI

4 GRAVEL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The three 4 GRAVEL CLOSE sales between July 1997 and May 2021 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 February 2004 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the May 2021 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 4 GRAVEL CLOSE?

4 GRAVEL CLOSE is 68m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% of detached houses in Banks, based on EPC data. The below chart shows the distribution of detached houses by size in Banks, and where 4 GRAVEL CLOSE lies on this distribution: 3% of detached houses are smaller than 4 GRAVEL CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Banks.

4 GRAVEL CLOSE: Plot and Title Map

4 GRAVEL CLOSE sits on a plot of roughly 39.1 acres, or 158,267m². The below map shows the location of 4 GRAVEL CLOSE, 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 4 GRAVEL CLOSE). 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 4 GRAVEL CLOSE?

4 GRAVEL CLOSE is located in BANKS, in the PR9 postcode district. The below map shows the position of No. 4 on GRAVEL CLOSE.