5, MEDWAY CLOSE, LOSTOCK HALL, PRESTON, PR5 5AF - £150,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 MEDWAY CLOSE is a very small detached house of 75m², built sometime between 1983 and 1990. It was last sold for £150,000 in January 2015, which was around 33% below the average January 2015 detached price in the South Ribble local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

5 MEDWAY CLOSE Sold Prices

Land registry data shows two sales for 5 MEDWAY 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 South Ribble local authority area for the corresponding sale date. Both of the two 5 MEDWAY 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
2015 30 JAN	£150,000	£223,061	33% below HPI
1996 26 JAN	£67,000	£80,018	16% below HPI

5 MEDWAY CLOSE 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 5 MEDWAY CLOSE sales from January 1996 and January 2015 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 January 1996 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the January 2015 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 5 MEDWAY CLOSE?

5 MEDWAY CLOSE is 75m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 20% of detached houses in Bamber Bridge, based on EPC data. The below chart shows the distribution of detached houses by size in Bamber Bridge, and where 5 MEDWAY CLOSE lies on this distribution: 12% of detached houses are smaller than 5 MEDWAY CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Bamber Bridge.

5 MEDWAY CLOSE: Plot and Title Map

5 MEDWAY CLOSE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 5 MEDWAY 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 MEDWAY 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 MEDWAY CLOSE?

5 MEDWAY CLOSE is located in LOSTOCK HALL, in the PR5 postcode district. The below map shows the position of No. 5 on MEDWAY CLOSE.