40, MINSTER PARK, COTTAM, PRESTON, PR4 0BY - £207,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

40 MINSTER PARK is a very small extended detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £267,287. It was last sold for £207,500 in September 2019, which was around 19% below the average September 2019 detached price in the Preston local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

40 MINSTER PARK Sold Prices

Land registry data shows seven sales for 40 MINSTER PARK since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Preston local authority area for the corresponding sale date. Most of the seven 40 MINSTER PARK 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 16 SEP	£207,500	£255,072	19% below HPI
2005 20 MAY	£175,000	£215,392	19% below HPI
2005 15 APR	£175,000	£220,528	21% below HPI
2002 31 OCT	£136,000	£132,271	3% above HPI
2002 4 FEB	£99,950	£113,806	12% below HPI
2001 14 JUN	£85,000	£109,284	22% below HPI
1997 28 FEB	£82,850	£88,032	6% below HPI

40 MINSTER PARK 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 seven 40 MINSTER PARK sales between February 1997 and September 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 May 2005 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2019 sale, which was also at 19% below the HPI.

What might 40 MINSTER PARK be worth now?

40 MINSTER PARK might now be worth an estimated £267,287.

This is based on house price inflation of 28.8%, between September 2019 and February 2025, 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 28.8% inflationary increase is applied to the most recent sale price for 40 MINSTER PARK of £207,500 on 16th September 2019. For the value to have increased from £207,500 to £267,287 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 40 MINSTER PARK has moved in line with the HPI for detached houses in the Preston local authority area.
• The September 2019 sale price of £207,500 represented a fair market value for the property.
• The size, condition, and specification of 40 MINSTER PARK has not materially changed since September 2019.

How Large is 40 MINSTER PARK?

40 MINSTER PARK is 82m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of detached houses houses in Cottam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cottam, and where 40 MINSTER PARK lies on this distribution: 4% of detached houses houses are smaller than 40 MINSTER PARK, and 95% of houses are larger. Note that EPC data is not available for all properties in Cottam.

40 MINSTER PARK: Plot and Title Map

40 MINSTER PARK sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 40 MINSTER PARK, 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 MINSTER PARK). 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 MINSTER PARK?

40 MINSTER PARK is located in COTTAM, in the PR4 postcode district. The below map shows the position of No. 40 on MINSTER PARK.