5, THE GRAVEL, MERE BROW, PRESTON, PR4 6JX - £330,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 THE GRAVEL is a midsized detached house of 146m², built sometime between 1950 and 1966. It was last sold for £330,000 in January 2018, which was around 20% above the average January 2018 detached price in the West Lancashire local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

5 THE GRAVEL Sold Prices

Land registry data shows three sales for 5 THE GRAVEL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. One of the three 5 THE GRAVEL sales was for above the average price, whilst two 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
2018 19 JAN	£330,000	£274,684	20% above HPI
2011 9 DEC	£167,500	£248,044	32% below HPI
1995 10 AUG	£54,200	£88,043	38% below HPI

5 THE GRAVEL Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The three 5 THE GRAVEL sales between August 1995 and January 2018 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 December 2011 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2018 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 5 THE GRAVEL?

5 THE GRAVEL is 146m² according to the EPC inspection conducted in August 2017. This puts it in the largest 50% of detached houses in Mere Brow, based on EPC data. The below chart shows the distribution of detached houses by size in Mere Brow, and where 5 THE GRAVEL lies on this distribution: 57% of detached houses are smaller than 5 THE GRAVEL, and 43% of houses are larger. Note that EPC data is not available for all properties in Mere Brow.

5 THE GRAVEL: Plot and Title Map

5 THE GRAVEL sits on a plot of roughly 0.156 of an acre, or 632m². The below map shows the location of 5 THE GRAVEL, 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 THE GRAVEL). 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 THE GRAVEL?

5 THE GRAVEL is located in MERE BROW, in the PR4 postcode district. The below map shows the position of No. 5 on THE GRAVEL.