53, LOWER LANE, LONGRIDGE, PRESTON, PR3 3SQ - £325,000

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.

53 LOWER LANE is a very large detached house of 179m², built sometime between 1967 and 1975, which could now be worth an estimated £363,831. It was last sold for £325,000 in August 2021, which was around 14% below the average August 2021 detached price in the Ribble Valley local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

53 LOWER LANE Sold Prices

Land registry data shows two sales for 53 LOWER 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 Ribble Valley local authority area for the corresponding sale date. One of the two 53 LOWER LANE sales was for below the average price, whilst the other was roughly equal to 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 10 AUG	£325,000	£379,073	14% below HPI
2001 10 SEP	£155,000	£155,116	Close to HPI

53 LOWER LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The two 53 LOWER LANE sales from September 2001 and August 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 September 2001 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 53 LOWER LANE be worth now?

53 LOWER LANE might now be worth an estimated £363,831.

This is based on house price inflation of 11.9%, between August 2021 and February 2025, for detached houses, in the Ribble Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.9% inflationary increase is applied to the most recent sale price for 53 LOWER LANE of £325,000 on 10th August 2021. For the value to have increased from £325,000 to £363,831 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 53 LOWER LANE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The August 2021 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 53 LOWER LANE has not materially changed since August 2021.

How Large is 53 LOWER LANE?

53 LOWER LANE is 179m² according to the EPC inspection conducted in June 2021. This puts it in the largest 10% of detached houses houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Longridge, and where 53 LOWER LANE lies on this distribution: 91% of detached houses houses are smaller than 53 LOWER LANE, and 9% of houses are larger. Note that EPC data is not available for all properties in Longridge.

53 LOWER LANE: Plot and Title Map

53 LOWER LANE sits on a plot of roughly 0.170 of an acre, or 686m². The below map shows the location of 53 LOWER 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 LOWER 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 LOWER LANE?

53 LOWER LANE is located in LONGRIDGE, in the PR3 postcode district. The below map shows the position of No. 53 on LOWER LANE.