53, BANKHEAD LANE, HOGHTON, PRESTON, PR5 0AB - £165,000

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

53 BANKHEAD LANE is a midsized detached house of 105m², built sometime between 1950 and 1966. It was last sold for £165,000 in July 2023, which was around 47% below the average July 2023 detached price in the South Ribble local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was B.

53 BANKHEAD LANE Sold Prices

Land registry data shows two sales for 53 BANKHEAD LANE 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 53 BANKHEAD LANE 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
2023 27 JUL	£165,000	£313,370	47% below HPI
1997 31 DEC	£74,500	£85,575	13% below HPI

53 BANKHEAD LANE 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 53 BANKHEAD LANE sales from December 1997 and July 2023 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 1997 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2023 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 53 BANKHEAD LANE?

53 BANKHEAD LANE is 105m² according to the EPC inspection conducted in May 2024. This puts it in the smallest 50% of detached houses in Gregson Lane, based on EPC data. The below chart shows the distribution of detached houses by size in Gregson Lane, and where 53 BANKHEAD LANE lies on this distribution: 43% of detached houses are smaller than 53 BANKHEAD LANE, and 57% of houses are larger. Note that EPC data is not available for all properties in Gregson Lane.

53 BANKHEAD LANE: Plot and Title Map

53 BANKHEAD LANE sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 53 BANKHEAD LANE, 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 53 BANKHEAD LANE). 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 53 BANKHEAD LANE?

53 BANKHEAD LANE is located in HOGHTON, in the PR5 postcode district. The below map shows the position of No. 53 on BANKHEAD LANE.