49, THE PASTURES, GRIMSARGH, PRESTON, PR2 5JW - £248,000

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.

49 THE PASTURES is a small detached house of 120m², built sometime between 1996 and 2002, which could now be worth an estimated £304,493. It was last sold for £248,000 in March 2021, which was around 7% below the average March 2021 detached price in the Preston local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

49 THE PASTURES Sold Prices

Land registry data shows four sales for 49 THE PASTURES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Preston local authority area for the corresponding sale date. Most of the four 49 THE PASTURES 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
2021 5 MAR	£248,000	£267,607	7% below HPI
2010 16 JUL	£265,000	£238,146	11% above HPI
2003 17 JUL	£178,000	£156,337	14% above HPI
1997 27 JUN	£113,650	£85,942	32% above HPI

49 THE PASTURES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The four 49 THE PASTURES sales between June 1997 and March 2021 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 2010 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the March 2021 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 49 THE PASTURES be worth now?

49 THE PASTURES might now be worth an estimated £304,493.

This is based on house price inflation of 22.8%, between March 2021 and February 2025, for detached houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.8% inflationary increase is applied to the most recent sale price for 49 THE PASTURES of £248,000 on 5th March 2021. For the value to have increased from £248,000 to £304,493 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 49 THE PASTURES has moved in line with the HPI for detached houses in the Preston local authority area.
• The March 2021 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 49 THE PASTURES has not materially changed since March 2021.

How Large is 49 THE PASTURES?

49 THE PASTURES is 120m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 40% of detached houses houses in Grimsargh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grimsargh, and where 49 THE PASTURES lies on this distribution: 31% of detached houses houses are smaller than 49 THE PASTURES, and 68% of houses are larger. Note that EPC data is not available for all properties in Grimsargh.

49 THE PASTURES: Plot and Title Map

49 THE PASTURES sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 49 THE PASTURES, 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 49 THE PASTURES). 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 49 THE PASTURES?

49 THE PASTURES is located in GRIMSARGH, in the PR2 postcode district. The below map shows the position of No. 49 on THE PASTURES.