41, THE PARKLANDS, CATTERALL, PRESTON, PR3 1YT - £225,000

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

41 THE PARKLANDS is a very small detached house of 90m², built sometime between 1991 and 1995, which could now be worth an estimated £242,017. It was last sold for £225,000 in February 2022, which was around 19% below the average February 2022 detached price in the Wyre local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

41 THE PARKLANDS Sold Prices

Land registry data shows two sales for 41 THE PARKLANDS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. One of the two 41 THE PARKLANDS sales was for below the average price, whilst the other was 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
2022 25 FEB	£225,000	£279,494	19% below HPI
1997 27 MAR	£92,995	£87,226	7% above HPI

41 THE PARKLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The two 41 THE PARKLANDS sales from March 1997 and February 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 March 1997 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the February 2022 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 41 THE PARKLANDS be worth now?

41 THE PARKLANDS might now be worth an estimated £242,017.

This is based on house price inflation of 7.6%, between February 2022 and December 2024, for detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.6% inflationary increase is applied to the most recent sale price for 41 THE PARKLANDS of £225,000 on 25th February 2022. For the value to have increased from £225,000 to £242,017 over the one year and two months to December 2024, the following assumptions must hold true:

• The value of 41 THE PARKLANDS has moved in line with the HPI for detached houses in the Wyre local authority area.
• The February 2022 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 41 THE PARKLANDS has not materially changed since February 2022.

How Large is 41 THE PARKLANDS?

41 THE PARKLANDS is 90m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% of detached houses houses in Catterall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Catterall, and where 41 THE PARKLANDS lies on this distribution: 13% of detached houses houses are smaller than 41 THE PARKLANDS, and 87% of houses are larger. Note that EPC data is not available for all properties in Catterall.

41 THE PARKLANDS: Plot and Title Map

41 THE PARKLANDS sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 41 THE PARKLANDS, 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 41 THE PARKLANDS). 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 41 THE PARKLANDS?

41 THE PARKLANDS is located in CATTERALL, in the PR3 postcode district. The below map shows the position of No. 41 on THE PARKLANDS.