5, SOMERSET PARK, FULWOOD, PRESTON, PR2 7HA - £295,000

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 SOMERSET PARK is a midsized extended detached house of 122m², built sometime between 1991 and 1995. It was last sold for £295,000 in March 2021, which was around 10% above the average March 2021 detached price in the Preston local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

5 SOMERSET PARK Sold Prices

Land registry data shows three sales for 5 SOMERSET PARK 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 SOMERSET PARK sales were 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
2021 26 MAR	£295,000	£267,607	10% above HPI
2015 29 MAY	£278,000	£230,733	20% above HPI
2008 6 JUN	£249,950	£245,578	2% above HPI

5 SOMERSET PARK 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 SOMERSET PARK sales between June 2008 and March 2021 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 2015 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the March 2021 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 5 SOMERSET PARK be worth now?

5 SOMERSET PARK might now be worth an estimated £358,689.

This is based on house price inflation of 21.6%, between March 2021 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 21.6% inflationary increase is applied to the most recent sale price for 5 SOMERSET PARK of £295,000 on 26th March 2021. For the value to have increased from £295,000 to £358,689 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 5 SOMERSET PARK has moved in line with the HPI for detached houses in the Preston local authority area.
• The March 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SOMERSET PARK has not materially changed since March 2021.

How Large is 5 SOMERSET PARK?

5 SOMERSET PARK is 122m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the largest 50% of detached houses houses in Fulwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fulwood, and where 5 SOMERSET PARK lies on this distribution: 54% of detached houses houses are smaller than 5 SOMERSET PARK, and 44% of houses are larger. Note that EPC data is not available for all properties in Fulwood.

5 SOMERSET PARK: Plot and Title Map

5 SOMERSET PARK sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 5 SOMERSET PARK, 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 SOMERSET PARK). 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 SOMERSET PARK?

5 SOMERSET PARK is located in FULWOOD, in the PR2 postcode district. The below map shows the position of No. 5 on SOMERSET PARK.