62, REES PARK, BURSCOUGH, ORMSKIRK, L40 5SX - £239,950

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.

62 REES PARK is a very small detached house of 71m², which could now be worth an estimated £307,256. It was last sold for £239,950 in December 2018, which was around 16% below the average December 2018 detached price in the West Lancashire local authority area. The most recent EPC inspection was October 2017, where the current energy rating was B, and the potential energy rating was A.

62 REES PARK Sold Prices

Land registry data shows two sales for 62 REES PARK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. Both of the two 62 REES PARK 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
2018 5 DEC	£239,950	£284,753	16% below HPI
2017 8 FEB	£100,000	£261,458	62% below HPI

62 REES PARK Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The two 62 REES PARK sales from February 2017 and December 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 February 2017 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the December 2018 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 62 REES PARK be worth now?

62 REES PARK might now be worth an estimated £307,256.

This is based on house price inflation of 28%, between December 2018 and February 2025, for detached houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28% inflationary increase is applied to the most recent sale price for 62 REES PARK of £239,950 on 5th December 2018. For the value to have increased from £239,950 to £307,256 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 62 REES PARK has moved in line with the HPI for detached houses in the West Lancashire local authority area.
• The December 2018 sale price of £239,950 represented a fair market value for the property.
• The size, condition, and specification of 62 REES PARK has not materially changed since December 2018.

How Large is 62 REES PARK?

62 REES PARK is 71m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 10% of detached houses houses in Burscough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burscough, and where 62 REES PARK lies on this distribution: 1% of detached houses houses are smaller than 62 REES PARK, and 99% of houses are larger. Note that EPC data is not available for all properties in Burscough.

62 REES PARK: Plot and Title Map

62 REES PARK sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 62 REES PARK, 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 62 REES PARK). 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 62 REES PARK?

62 REES PARK is located in BURSCOUGH, in the L40 postcode district. The below map shows the position of No. 62 on REES PARK.