46, PARK LANE, PENWORTHAM, PRESTON, PR1 9JB - £425,000

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

46 PARK LANE is a very large detached house of 235m², built sometime between 1950 and 1966. It was last sold for £425,000 in April 2020, which was around 66% above the average April 2020 detached price in the South Ribble local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

46 PARK LANE Sold Prices

Land registry data shows two sales for 46 PARK 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 South Ribble local authority area for the corresponding sale date. Both of the two 46 PARK LANE 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
2020 24 APR	£425,000	£255,828	66% above HPI
2006 25 AUG	£267,500	£225,361	19% above HPI

46 PARK LANE 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 46 PARK LANE sales from August 2006 and April 2020 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 August 2006 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the April 2020 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

How Large is 46 PARK LANE?

46 PARK LANE is 235m² according to the EPC inspection conducted in July 2019. This puts it in the largest 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 46 PARK LANE lies on this distribution: 97% of detached houses are smaller than 46 PARK LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

46 PARK LANE: Plot and Title Map

46 PARK LANE sits on a plot of roughly 0.233 of an acre, or 942m². The below map shows the location of 46 PARK 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 46 PARK 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 46 PARK LANE?

46 PARK LANE is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 46 on PARK LANE.