4, THE PASTURES, GRIMSARGH, PRESTON, PR2 5JW - £88,000

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 PASTURES is a very small extended detached house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £285,431. It was last sold for £88,000 in May 2000, which was around 12% below the average May 2000 detached price in the Preston local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

4 THE PASTURES Sold Prices

Land registry data shows two sales for 4 THE PASTURES 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 PASTURES 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
2000 26 MAY	£88,000	£100,317	12% below HPI
1997 3 OCT	£85,000	£90,095	6% below HPI

4 THE PASTURES 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 PASTURES sales from October 1997 and May 2000 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 1997 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2000 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 4 THE PASTURES be worth now?

4 THE PASTURES might now be worth an estimated £285,431.

This is based on house price inflation of 224.4%, between May 2000 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 224.4% inflationary increase is applied to the most recent sale price for 4 THE PASTURES of £88,000 on 26th May 2000. For the value to have increased from £88,000 to £285,431 over the 23 years and five months to December 2024, the following assumptions must hold true:

• The value of 4 THE PASTURES has moved in line with the HPI for detached houses in the Preston local authority area.
• The May 2000 sale price of £88,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE PASTURES has not materially changed since May 2000.

How Large is 4 THE PASTURES?

4 THE PASTURES is 77m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the smallest 10% of detached houses houses in Grimsargh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grimsargh, and where 4 THE PASTURES lies on this distribution: 7% of detached houses houses are smaller than 4 THE PASTURES, and 92% of houses are larger. Note that EPC data is not available for all properties in Grimsargh.

4 THE PASTURES: Plot and Title Map

4 THE PASTURES sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 4 THE PASTURES, 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 PASTURES). 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 PASTURES?

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