4, THE FRIARS, FULWOOD, PRESTON, PR2 8LB - £242,000

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 THE FRIARS is a midsized extended detached house of 116m², built sometime between 1967 and 1975. It was last sold for £242,000 in March 2022, which was around 15% below the average March 2022 detached price in the Preston local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was C.

4 THE FRIARS Sold Prices

Land registry data shows two sales for 4 THE FRIARS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Preston local authority area for the corresponding sale date. Both of the two 4 THE FRIARS 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
2022 11 MAR	£242,000	£283,967	15% below HPI
2009 7 DEC	£180,000	£233,259	23% below HPI

4 THE FRIARS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The two 4 THE FRIARS sales from December 2009 and March 2022 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 December 2009 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 4 THE FRIARS be worth now?

4 THE FRIARS might now be worth an estimated £277,294.

This is based on house price inflation of 14.6%, between March 2022 and December 2024, for detached houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.6% inflationary increase is applied to the most recent sale price for 4 THE FRIARS of £242,000 on 11th March 2022. For the value to have increased from £242,000 to £277,294 over the one year and three months to December 2024, the following assumptions must hold true:

• The value of 4 THE FRIARS has moved in line with the HPI for detached houses in the Preston local authority area.
• The March 2022 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE FRIARS has not materially changed since March 2022.

How Large is 4 THE FRIARS?

4 THE FRIARS is 116m², which includes two extensions, according to the EPC inspection conducted in October 2021. This puts it in the smallest 50% of detached houses houses in Fulwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fulwood, and where 4 THE FRIARS lies on this distribution: 48% of detached houses houses are smaller than 4 THE FRIARS, and 51% of houses are larger. Note that EPC data is not available for all properties in Fulwood.

4 THE FRIARS: Plot and Title Map

4 THE FRIARS sits on a plot of roughly 0.164 of an acre, or 663m². The below map shows the location of 4 THE FRIARS, 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 THE FRIARS). 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 THE FRIARS?

4 THE FRIARS is located in FULWOOD, in the PR2 postcode district. The below map shows the position of No. 4 on THE FRIARS.