40, CHERRY WOOD, PENWORTHAM, PRESTON, PR1 0PJ - £225,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

40 CHERRY WOOD is a very small detached house of 68m², built sometime between 1967 and 1975. It was last sold for £225,000 in July 2018, which was around 11% below the average July 2018 detached price in the South Ribble local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

40 CHERRY WOOD Sold Prices

Land registry data shows two sales for 40 CHERRY WOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 40 CHERRY WOOD 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
2018 5 JUL	£225,000	£252,826	11% below HPI
2009 20 NOV	£172,000	£216,590	21% below HPI

40 CHERRY WOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The two 40 CHERRY WOOD sales from November 2009 and July 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 November 2009 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2018 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 40 CHERRY WOOD?

40 CHERRY WOOD is 68m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 10% of detached houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses by size in Penwortham, and where 40 CHERRY WOOD lies on this distribution: 6% of detached houses are smaller than 40 CHERRY WOOD, and 94% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

40 CHERRY WOOD: Plot and Title Map

40 CHERRY WOOD sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 40 CHERRY WOOD, 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 40 CHERRY WOOD). 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 40 CHERRY WOOD?

40 CHERRY WOOD is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 40 on CHERRY WOOD.