42, MERE BROW LANE, MERE BROW, PRESTON, PR4 6JP - £205,000

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

42 MERE BROW LANE is a very small detached house of 69m², built sometime between 1930 and 1949. It was last sold for £205,000 in December 2017, which was around 26% below the average December 2017 detached price in the West Lancashire local authority area. The most recent EPC inspection was September 2015, where the current energy rating was E, and the potential energy rating was B.

42 MERE BROW LANE Sold Prices

Land registry data shows two sales for 42 MERE BROW LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. Both of the two 42 MERE BROW LANE 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
2017 4 DEC	£205,000	£278,480	26% below HPI
2016 2 MAR	£162,000	£265,137	39% below HPI

42 MERE BROW LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The two 42 MERE BROW LANE sales from March 2016 and December 2017 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 2016 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2017 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 42 MERE BROW LANE?

42 MERE BROW LANE is 69m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 10% of detached houses in Mere Brow, based on EPC data. The below chart shows the distribution of detached houses by size in Mere Brow, and where 42 MERE BROW LANE lies on this distribution: Less than 1% of detached houses are smaller than 42 MERE BROW LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Mere Brow.

42 MERE BROW LANE: Plot and Title Map

42 MERE BROW LANE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 42 MERE BROW LANE, 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 42 MERE BROW LANE). 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 42 MERE BROW LANE?

42 MERE BROW LANE is located in MERE BROW, in the PR4 postcode district. The below map shows the position of No. 42 on MERE BROW LANE.