48, CROMWELL WAY, PENWORTHAM, PRESTON, PR1 9SB - £260,000

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

48 CROMWELL WAY is a large detached house of 128m², built sometime between 1996 and 2002. It was last sold for £260,000 in November 2019, which was around 7% above the average November 2019 detached price in the South Ribble local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

48 CROMWELL WAY Sold Prices

Land registry data shows two sales for 48 CROMWELL WAY 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 48 CROMWELL WAY 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
2019 28 NOV	£260,000	£243,296	7% above HPI
2005 27 MAY	£224,950	£207,010	9% above HPI

48 CROMWELL WAY 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 48 CROMWELL WAY sales from May 2005 and November 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 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the November 2019 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 48 CROMWELL WAY be worth now?

48 CROMWELL WAY might now be worth an estimated £345,968.

This is based on house price inflation of 33.1%, between November 2019 and December 2024, for detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.1% inflationary increase is applied to the most recent sale price for 48 CROMWELL WAY of £260,000 on 28th November 2019. For the value to have increased from £260,000 to £345,968 over the four years and eleven months to December 2024, the following assumptions must hold true:

• The value of 48 CROMWELL WAY has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The November 2019 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 48 CROMWELL WAY has not materially changed since November 2019.

How Large is 48 CROMWELL WAY?

48 CROMWELL WAY is 128m² according to the EPC inspection conducted in October 2019. This puts it in the largest 30% of detached houses houses in Bamber Bridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bamber Bridge, and where 48 CROMWELL WAY lies on this distribution: 79% of detached houses houses are smaller than 48 CROMWELL WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Bamber Bridge.

48 CROMWELL WAY: Plot and Title Map

48 CROMWELL WAY sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 48 CROMWELL WAY, 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 48 CROMWELL WAY). 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 48 CROMWELL WAY?

48 CROMWELL WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 48 on CROMWELL WAY.