7, MINSTER PARK, COTTAM, PRESTON, PR4 0BY - £195,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 MINSTER PARK is a very small extended detached house of 79m², built sometime between 1996 and 2002. It was last sold for £195,000 in June 2017, which was around 12% below the average June 2017 detached price in the Preston local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

7 MINSTER PARK Sold Prices

Land registry data shows three sales for 7 MINSTER PARK 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. Two of the three 7 MINSTER PARK sales were for below the average price, whilst one 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
2017 30 JUN	£195,000	£221,788	12% below HPI
2005 14 OCT	£199,000	£208,107	4% below HPI
1995 11 DEC	£78,950	£78,431	1% above HPI

7 MINSTER PARK 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 7 MINSTER PARK sales between December 1995 and June 2017 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 October 2005 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2017 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 7 MINSTER PARK?

7 MINSTER PARK is 79m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% of detached houses in Cottam, based on EPC data. The below chart shows the distribution of detached houses by size in Cottam, and where 7 MINSTER PARK lies on this distribution: 1% of detached houses are smaller than 7 MINSTER PARK, and 98% of houses are larger. Note that EPC data is not available for all properties in Cottam.

7 MINSTER PARK: Plot and Title Map

7 MINSTER PARK sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 7 MINSTER 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 7 MINSTER 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 7 MINSTER PARK?

7 MINSTER PARK is located in COTTAM, in the PR4 postcode district. The below map shows the position of No. 7 on MINSTER PARK.