7, PARK LANE, PENWORTHAM, PRESTON, PR1 9JB - £360,000

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.

7 PARK LANE is a large extended detached house of 125m², built sometime between 1930 and 1949, which could now be worth an estimated £507,722. It was last sold for £360,000 in February 2007, which was around 57% above the average February 2007 detached price in the South Ribble local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

7 PARK LANE Sold Prices

Land registry data shows two sales for 7 PARK 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 South Ribble local authority area for the corresponding sale date. Both of the two 7 PARK LANE sales were 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
2007 8 FEB	£360,000	£229,646	57% above HPI
2004 12 MAR	£250,000	£169,081	48% above HPI

7 PARK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The two 7 PARK LANE sales from March 2004 and February 2007 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 March 2004 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the February 2007 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 7 PARK LANE be worth now?

7 PARK LANE might now be worth an estimated £507,722.

This is based on house price inflation of 41%, between February 2007 and February 2025, for detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41% inflationary increase is applied to the most recent sale price for 7 PARK LANE of £360,000 on 8th February 2007. For the value to have increased from £360,000 to £507,722 over the eighteen years to February 2025, the following assumptions must hold true:

• The value of 7 PARK LANE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The February 2007 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PARK LANE has not materially changed since February 2007.

How Large is 7 PARK LANE?

7 PARK LANE is 125m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the largest 40% of detached houses houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penwortham, and where 7 PARK LANE lies on this distribution: 62% of detached houses houses are smaller than 7 PARK LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

7 PARK LANE: Plot and Title Map

7 PARK LANE sits on a plot of roughly 0.229 of an acre, or 926m². The below map shows the location of 7 PARK 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 7 PARK 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 7 PARK LANE?

7 PARK LANE is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 7 on PARK LANE.