47, LOWER LANE, LONGRIDGE, PRESTON, PR3 3SQ - £645,000

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.

47 LOWER LANE is a very large extended detached house of 193m², built sometime between 1930 and 1949, which could now be worth an estimated £698,480. It was last sold for £645,000 in May 2022, which was around 65% above the average May 2022 detached price in the Ribble Valley local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

47 LOWER LANE Sold Prices

Land registry data shows four sales for 47 LOWER LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. All of the four 47 LOWER 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
2022 11 MAY	£645,000	£391,873	65% above HPI
2008 10 JUL	£400,000	£327,322	22% above HPI
2005 1 JUL	£304,000	£290,778	5% above HPI
1996 11 OCT	£157,000	£103,379	52% above HPI

47 LOWER LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The four 47 LOWER LANE sales between October 1996 and May 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 July 2008 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the May 2022 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

What might 47 LOWER LANE be worth now?

47 LOWER LANE might now be worth an estimated £698,480.

This is based on house price inflation of 8.3%, between May 2022 and February 2025, for detached houses, in the Ribble Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.3% inflationary increase is applied to the most recent sale price for 47 LOWER LANE of £645,000 on 11th May 2022. For the value to have increased from £645,000 to £698,480 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 47 LOWER LANE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The May 2022 sale price of £645,000 represented a fair market value for the property.
• The size, condition, and specification of 47 LOWER LANE has not materially changed since May 2022.

How Large is 47 LOWER LANE?

47 LOWER LANE is 193m², which includes three extensions, according to the EPC inspection conducted in September 2021. This puts it in the largest 10% of detached houses houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Longridge, and where 47 LOWER LANE lies on this distribution: 93% of detached houses houses are smaller than 47 LOWER LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Longridge.

47 LOWER LANE: Plot and Title Map

47 LOWER LANE sits on a plot of roughly 0.439 of an acre, or 1,776m². The below map shows the location of 47 LOWER 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 47 LOWER 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 47 LOWER LANE?

47 LOWER LANE is located in LONGRIDGE, in the PR3 postcode district. The below map shows the position of No. 47 on LOWER LANE.