5, SPEY CLOSE, LEYLAND, PR25 1RU - £165,000

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 SPEY CLOSE is a very small extended detached house of 76m², built sometime between 1983 and 1990, which could now be worth an estimated £213,717. It was last sold for £165,000 in June 2020, which was around 34% below the average June 2020 detached price in the South Ribble local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was B.

5 SPEY CLOSE Sold Prices

Land registry data shows two sales for 5 SPEY 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 SPEY 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
2020 8 JUN	£165,000	£250,051	34% below HPI
2007 16 NOV	£135,000	£238,418	43% below HPI

5 SPEY 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 SPEY CLOSE sales from November 2007 and June 2020 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 2007 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the June 2020 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 5 SPEY CLOSE be worth now?

5 SPEY CLOSE might now be worth an estimated £213,717.

This is based on house price inflation of 29.5%, between June 2020 and February 2025, for detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.5% inflationary increase is applied to the most recent sale price for 5 SPEY CLOSE of £165,000 on 8th June 2020. For the value to have increased from £165,000 to £213,717 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 5 SPEY CLOSE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The June 2020 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPEY CLOSE has not materially changed since June 2020.

How Large is 5 SPEY CLOSE?

5 SPEY CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of detached houses houses in Leyland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leyland, and where 5 SPEY CLOSE lies on this distribution: 7% of detached houses houses are smaller than 5 SPEY CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Leyland.

5 SPEY CLOSE: Plot and Title Map

5 SPEY CLOSE sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 5 SPEY 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 SPEY 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 SPEY CLOSE?

5 SPEY CLOSE is located in LEYLAND, in the PR25 postcode district. The below map shows the position of No. 5 on SPEY CLOSE.