5, RICHARDS WAY, THORNTON-CLEVELEYS, FY5 3TJ - £215,000

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 RICHARDS WAY is a large extended detached house of 146m², built sometime between 1991 and 1995. It was last sold for £215,000 in November 2019, which was around 5% below the average November 2019 detached price in the Wyre local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was C.

5 RICHARDS WAY Sold Prices

Land registry data shows three sales for 5 RICHARDS WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. Two of the three 5 RICHARDS WAY sales were for below the average price, whilst one was 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
2019 7 NOV	£215,000	£226,554	5% below HPI
2019 3 MAY	£230,000	£222,896	3% above HPI
2006 23 JUN	£196,000	£218,942	10% below HPI

5 RICHARDS WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The three 5 RICHARDS WAY sales between June 2006 and November 2019 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 May 2019 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2019 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 5 RICHARDS WAY?

5 RICHARDS WAY is 146m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the largest 30% of detached houses in Blackpool, based on EPC data. The below chart shows the distribution of detached houses by size in Blackpool, and where 5 RICHARDS WAY lies on this distribution: 79% of detached houses are smaller than 5 RICHARDS WAY, and 21% of houses are larger. Note that EPC data is not available for all properties in Blackpool.

5 RICHARDS WAY: Plot and Title Map

5 RICHARDS WAY sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 5 RICHARDS WAY, 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 RICHARDS WAY). 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 RICHARDS WAY?

5 RICHARDS WAY is located in THORNTON-CLEVELEYS, in the FY5 postcode district. The below map shows the position of No. 5 on RICHARDS WAY.