40, LEA ROAD, LEA, PRESTON, PR2 1TP - £275,000

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

40 LEA ROAD is a very large detached house of 167m², built sometime between 1930 and 1949. It was last sold for £275,000 in March 2012, which was around 32% above the average March 2012 detached price in the Preston local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

40 LEA ROAD Sold Prices

Land registry data shows two sales for 40 LEA ROAD 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 40 LEA ROAD sales were 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
2012 9 MAR	£275,000	£208,374	32% above HPI
2001 4 MAY	£147,000	£100,875	46% above HPI

40 LEA ROAD 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 40 LEA ROAD sales from May 2001 and March 2012 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 May 2001 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the March 2012 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 40 LEA ROAD?

40 LEA ROAD is 167m² according to the EPC inspection conducted in July 2020. This puts it in the largest 10% of detached houses in Preston, based on EPC data. The below chart shows the distribution of detached houses by size in Preston, and where 40 LEA ROAD lies on this distribution: 90% of detached houses are smaller than 40 LEA ROAD, and 10% of houses are larger. Note that EPC data is not available for all properties in Preston.

40 LEA ROAD: Plot and Title Map

40 LEA ROAD sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of 40 LEA ROAD, 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 LEA ROAD). 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 LEA ROAD?

40 LEA ROAD is located in LEA, in the PR2 postcode district. The below map shows the position of No. 40 on LEA ROAD.