8, CRAVEN CLOSE, FULWOOD, PRESTON, PR2 9PU - £176,000

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.

8 CRAVEN CLOSE is a very small detached house of 80m², built sometime between 1976 and 1982, which could now be worth an estimated £258,961. It was last sold for £176,000 in May 2012, which was around 21% below the average May 2012 detached price in the Preston local authority area. The most recent EPC inspection was January 2012, where the current energy rating was C, and the potential energy rating was C.

8 CRAVEN CLOSE Sold Prices

Land registry data shows two sales for 8 CRAVEN CLOSE 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. Both of the two 8 CRAVEN CLOSE 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
2012 2 MAY	£176,000	£223,306	21% below HPI
2011 29 JUL	£105,000	£221,779	53% below HPI

8 CRAVEN CLOSE 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 8 CRAVEN CLOSE sales from July 2011 and May 2012 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 July 2011 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the May 2012 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 8 CRAVEN CLOSE be worth now?

8 CRAVEN CLOSE might now be worth an estimated £258,961.

This is based on house price inflation of 47.1%, between May 2012 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 47.1% inflationary increase is applied to the most recent sale price for 8 CRAVEN CLOSE of £176,000 on 2nd May 2012. For the value to have increased from £176,000 to £258,961 over the thirteen years and three months to February 2025, the following assumptions must hold true:

• The value of 8 CRAVEN CLOSE has moved in line with the HPI for detached houses in the Preston local authority area.
• The May 2012 sale price of £176,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CRAVEN CLOSE has not materially changed since May 2012.

How Large is 8 CRAVEN CLOSE?

8 CRAVEN CLOSE is 80m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 20% of detached houses houses in Fulwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fulwood, and where 8 CRAVEN CLOSE lies on this distribution: 11% of detached houses houses are smaller than 8 CRAVEN CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Fulwood.

8 CRAVEN CLOSE: Plot and Title Map

8 CRAVEN CLOSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 8 CRAVEN CLOSE, 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 8 CRAVEN CLOSE). 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 8 CRAVEN CLOSE?

8 CRAVEN CLOSE is located in FULWOOD, in the PR2 postcode district. The below map shows the position of No. 8 on CRAVEN CLOSE.