4, PENNY FARTHING LANE, THORNTON-CLEVELEYS, FY5 2ED - £160,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 PENNY FARTHING LANE is a very small detached house of 55m², built sometime between 1967 and 1975, which could now be worth an estimated £202,250. It was last sold for £160,000 in November 2019, which was around 33% below the average November 2019 detached price in the Wyre local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

4 PENNY FARTHING LANE Sold Prices

Land registry data shows four sales for 4 PENNY FARTHING LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. All of the four 4 PENNY FARTHING LANE 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
2019 22 NOV	£160,000	£237,831	33% below HPI
2017 7 JUL	£175,000	£228,479	23% below HPI
2010 16 AUG	£150,000	£224,476	33% below HPI
1995 22 AUG	£68,000	£83,425	18% below HPI

4 PENNY FARTHING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The four 4 PENNY FARTHING LANE sales between August 1995 and November 2019 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 July 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2019 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 4 PENNY FARTHING LANE be worth now?

4 PENNY FARTHING LANE might now be worth an estimated £202,250.

This is based on house price inflation of 26.4%, between November 2019 and December 2024, for detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.4% inflationary increase is applied to the most recent sale price for 4 PENNY FARTHING LANE of £160,000 on 22nd November 2019. For the value to have increased from £160,000 to £202,250 over the four years and eleven months to December 2024, the following assumptions must hold true:

• The value of 4 PENNY FARTHING LANE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The November 2019 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PENNY FARTHING LANE has not materially changed since November 2019.

How Large is 4 PENNY FARTHING LANE?

4 PENNY FARTHING LANE is 55m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of detached houses houses in Thornton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thornton, and where 4 PENNY FARTHING LANE lies on this distribution: 1% of detached houses houses are smaller than 4 PENNY FARTHING LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Thornton.

4 PENNY FARTHING LANE: Plot and Title Map

4 PENNY FARTHING LANE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 4 PENNY FARTHING 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 4 PENNY FARTHING 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 4 PENNY FARTHING LANE?

4 PENNY FARTHING LANE is located in THORNTON-CLEVELEYS, in the FY5 postcode district. The below map shows the position of No. 4 on PENNY FARTHING LANE.