5, OTTERS CLOSE, RIBBLETON, PRESTON, PR2 6NG - £187,000

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.

5 OTTERS CLOSE is a small detached house of 86m², built sometime between 1991 and 1995, which could now be worth an estimated £201,183. It was last sold for £187,000 in April 2024, which was around 39% below the average April 2024 detached price in the Preston local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

5 OTTERS CLOSE Sold Prices

Land registry data shows three sales for 5 OTTERS CLOSE 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 OTTERS 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
2024 30 APR	£187,000	£305,403	39% below HPI
2004 30 JUL	£108,000	£194,889	45% below HPI
1997 12 DEC	£49,000	£92,107	47% below HPI

5 OTTERS CLOSE 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 OTTERS CLOSE sales between December 1997 and April 2024 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 2004 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the April 2024 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 5 OTTERS CLOSE be worth now?

5 OTTERS CLOSE might now be worth an estimated £201,183.

This is based on house price inflation of 7.6%, between April 2024 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 7.6% inflationary increase is applied to the most recent sale price for 5 OTTERS CLOSE of £187,000 on 30th April 2024. For the value to have increased from £187,000 to £201,183 over the one year and two months to February 2025, the following assumptions must hold true:

• The value of 5 OTTERS CLOSE has moved in line with the HPI for detached houses in the Preston local authority area.
• The April 2024 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of 5 OTTERS CLOSE has not materially changed since April 2024.

How Large is 5 OTTERS CLOSE?

5 OTTERS CLOSE is 86m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 30% of detached houses houses in Preston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Preston, and where 5 OTTERS CLOSE lies on this distribution: 27% of detached houses houses are smaller than 5 OTTERS CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Preston.

5 OTTERS CLOSE: Plot and Title Map

5 OTTERS CLOSE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 5 OTTERS 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 OTTERS 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 OTTERS CLOSE?

5 OTTERS CLOSE is located in RIBBLETON, in the PR2 postcode district. The below map shows the position of No. 5 on OTTERS CLOSE.