5, MEDLAR CLOSE, WESHAM, PRESTON, PR4 3EJ - £282,500

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.

5 MEDLAR CLOSE is a small extended detached house of 99m², built sometime between 1991 and 1995, which could now be worth an estimated £349,507. It was last sold for £282,500 in November 2020, which was around 11% below the average November 2020 detached price in the Fylde local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

5 MEDLAR CLOSE Sold Prices

Land registry data shows two sales for 5 MEDLAR CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fylde local authority area for the corresponding sale date. Both of the two 5 MEDLAR CLOSE 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
2020 6 NOV	£282,500	£317,911	11% below HPI
2006 21 APR	£249,950	£271,633	8% below HPI

5 MEDLAR CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fylde local authority area over time, sourced from the HPI. The two 5 MEDLAR CLOSE sales from April 2006 and November 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 April 2006 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2020 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 5 MEDLAR CLOSE be worth now?

5 MEDLAR CLOSE might now be worth an estimated £349,507.

This is based on house price inflation of 23.7%, between November 2020 and February 2025, for detached houses, in the Fylde local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.7% inflationary increase is applied to the most recent sale price for 5 MEDLAR CLOSE of £282,500 on 6th November 2020. For the value to have increased from £282,500 to £349,507 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 5 MEDLAR CLOSE has moved in line with the HPI for detached houses in the Fylde local authority area.
• The November 2020 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 5 MEDLAR CLOSE has not materially changed since November 2020.

How Large is 5 MEDLAR CLOSE?

5 MEDLAR CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of detached houses houses in Wesham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wesham, and where 5 MEDLAR CLOSE lies on this distribution: 23% of detached houses houses are smaller than 5 MEDLAR CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Wesham.

5 MEDLAR CLOSE: Plot and Title Map

5 MEDLAR CLOSE sits on a plot of roughly 0.170 of an acre, or 686m². The below map shows the location of 5 MEDLAR CLOSE, 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 5 MEDLAR CLOSE). 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 5 MEDLAR CLOSE?

5 MEDLAR CLOSE is located in WESHAM, in the PR4 postcode district. The below map shows the position of No. 5 on MEDLAR CLOSE.