55, DOUGLAS LANE, GRIMSARGH, PRESTON, PR2 5JB - £225,000

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

55 DOUGLAS LANE is a small extended detached house of 106m², built sometime between 1996 and 2002, which could now be worth an estimated £301,600. It was last sold for £225,000 in June 2018, which was around 7% below the average June 2018 detached price in the Preston local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was A.

55 DOUGLAS LANE Sold Prices

Land registry data shows three sales for 55 DOUGLAS LANE 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. The three 55 DOUGLAS LANE sales were a mix of below the average price, and 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
2018 29 JUN	£225,000	£242,742	7% below HPI
2007 29 JUN	£249,950	£250,081	Close to HPI
2004 16 JUN	£164,950	£192,925	15% below HPI

55 DOUGLAS LANE 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 55 DOUGLAS LANE sales between June 2004 and June 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 June 2007 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2018 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 55 DOUGLAS LANE be worth now?

55 DOUGLAS LANE might now be worth an estimated £301,600.

This is based on house price inflation of 34%, between June 2018 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 34% inflationary increase is applied to the most recent sale price for 55 DOUGLAS LANE of £225,000 on 29th June 2018. For the value to have increased from £225,000 to £301,600 over the five years and six months to December 2024, the following assumptions must hold true:

• The value of 55 DOUGLAS LANE has moved in line with the HPI for detached houses in the Preston local authority area.
• The June 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 55 DOUGLAS LANE has not materially changed since June 2018.

How Large is 55 DOUGLAS LANE?

55 DOUGLAS LANE is 106m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of detached houses houses in Grimsargh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grimsargh, and where 55 DOUGLAS LANE lies on this distribution: 22% of detached houses houses are smaller than 55 DOUGLAS LANE, and 78% of houses are larger. Note that EPC data is not available for all properties in Grimsargh.

55 DOUGLAS LANE: Plot and Title Map

55 DOUGLAS LANE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 55 DOUGLAS 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 55 DOUGLAS 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 55 DOUGLAS LANE?

55 DOUGLAS LANE is located in GRIMSARGH, in the PR2 postcode district. The below map shows the position of No. 55 on DOUGLAS LANE.