6, HONITON WAY, COTTAM, PRESTON, PR4 0LW - £235,000

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.

6 HONITON WAY is a small detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £315,522. It was last sold for £235,000 in February 2019, which was around 4% below the average February 2019 detached price in the Preston local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

6 HONITON WAY Sold Prices

Land registry data shows two sales for 6 HONITON WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Preston local authority area for the corresponding sale date. One of the two 6 HONITON WAY sales was for below the average price, whilst the other was for above 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
2019 15 FEB	£235,000	£244,715	4% below HPI
1998 10 JUN	£103,500	£91,171	14% above HPI

6 HONITON WAY 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 two 6 HONITON WAY sales from June 1998 and February 2019 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 1998 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the February 2019 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 6 HONITON WAY be worth now?

6 HONITON WAY might now be worth an estimated £315,522.

This is based on house price inflation of 34.3%, between February 2019 and February 2025, 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 34.3% inflationary increase is applied to the most recent sale price for 6 HONITON WAY of £235,000 on 15th February 2019. For the value to have increased from £235,000 to £315,522 over the six years to February 2025, the following assumptions must hold true:

• The value of 6 HONITON WAY has moved in line with the HPI for detached houses in the Preston local authority area.
• The February 2019 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 6 HONITON WAY has not materially changed since February 2019.

How Large is 6 HONITON WAY?

6 HONITON WAY is 97m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 30% of detached houses houses in Cottam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cottam, and where 6 HONITON WAY lies on this distribution: 23% of detached houses houses are smaller than 6 HONITON WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Cottam.

6 HONITON WAY: Plot and Title Map

6 HONITON WAY sits on a plot of roughly 0.104 of an acre, or 422m². The below map shows the location of 6 HONITON WAY, 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 6 HONITON WAY). 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 6 HONITON WAY?

6 HONITON WAY is located in COTTAM, in the PR4 postcode district. The below map shows the position of No. 6 on HONITON WAY.