5, NORTHGATE, GOOSNARGH, PRESTON, PR3 2BB - £185,000

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

5 NORTHGATE is a very small detached house of 34m², built sometime between 1930 and 1949, which could now be worth an estimated £215,344. It was last sold for £185,000 in February 2022, which was around 34% below the average February 2022 detached price in the Preston local authority area. The most recent EPC inspection was November 2024, where the current energy rating was D, and the potential energy rating was B.

5 NORTHGATE Sold Prices

Land registry data shows three sales for 5 NORTHGATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Preston local authority area for the corresponding sale date. All of the three 5 NORTHGATE 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
2022 17 FEB	£185,000	£279,532	34% below HPI
2016 18 NOV	£135,000	£237,714	43% below HPI
2003 13 NOV	£105,000	£166,004	37% below HPI

5 NORTHGATE 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 three 5 NORTHGATE sales between November 2003 and February 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 November 2016 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the February 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 5 NORTHGATE be worth now?

5 NORTHGATE might now be worth an estimated £215,344.

This is based on house price inflation of 16.4%, between February 2022 and December 2024, 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 16.4% inflationary increase is applied to the most recent sale price for 5 NORTHGATE of £185,000 on 17th February 2022. For the value to have increased from £185,000 to £215,344 over the one year and two months to December 2024, the following assumptions must hold true:

• The value of 5 NORTHGATE has moved in line with the HPI for detached houses in the Preston local authority area.
• The February 2022 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 5 NORTHGATE has not materially changed since February 2022.

How Large is 5 NORTHGATE?

5 NORTHGATE is 34m² according to the EPC inspection conducted in November 2024. This puts it in the smallest 10% of detached houses houses in Goosnargh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Goosnargh, and where 5 NORTHGATE lies on this distribution: Less than 1% of detached houses houses are smaller than 5 NORTHGATE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Goosnargh.

5 NORTHGATE: Plot and Title Map

5 NORTHGATE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 5 NORTHGATE, 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 NORTHGATE). 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 NORTHGATE?

5 NORTHGATE is located in GOOSNARGH, in the PR3 postcode district. The below map shows the position of No. 5 on NORTHGATE.