61, LOWER LANE, LONGRIDGE, PRESTON, PR3 2YG - £285,000

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.

61 LOWER LANE is a very small detached house of 63m², built sometime between 1967 and 1975, which could now be worth an estimated £396,839. It was last sold for £285,000 in June 2015, which was around 9% below the average June 2015 detached price in the Ribble Valley local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

61 LOWER LANE Sold Prices

Land registry data shows two sales for 61 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. Both of the two 61 LOWER 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
2015 3 JUN	£285,000	£312,788	9% below HPI
2004 16 JAN	£206,000	£212,247	3% below HPI

61 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 61 LOWER LANE sales from January 2004 and June 2015 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 January 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the June 2015 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 61 LOWER LANE be worth now?

61 LOWER LANE might now be worth an estimated £396,839.

This is based on house price inflation of 39.2%, between June 2015 and March 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 39.2% inflationary increase is applied to the most recent sale price for 61 LOWER LANE of £285,000 on 3rd June 2015. For the value to have increased from £285,000 to £396,839 over the ten years and three months to March 2025, the following assumptions must hold true:

• The value of 61 LOWER LANE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The June 2015 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 61 LOWER LANE has not materially changed since June 2015.

How Large is 61 LOWER LANE?

61 LOWER LANE is 63m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 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 61 LOWER LANE lies on this distribution: 3% of detached houses houses are smaller than 61 LOWER LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Longridge.

61 LOWER LANE: Plot and Title Map

61 LOWER LANE sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 61 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 61 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 61 LOWER LANE?

61 LOWER LANE is located in LONGRIDGE, in the PR3 postcode district. The below map shows the position of No. 61 on LOWER LANE.