8, FAREHAM CLOSE, FULWOOD, PRESTON, PR2 8FH - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 FAREHAM CLOSE is a large detached house of 147m², built sometime between 1996 and 2002. It was last sold for £250,000 in November 2021, which was around 11% below the average November 2021 detached price in the Preston local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was C.

8 FAREHAM CLOSE Sold Prices

Land registry data shows three sales for 8 FAREHAM CLOSE 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. One of the three 8 FAREHAM CLOSE sales was for below the average price, whilst two 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
2021 24 NOV	£250,000	£280,743	11% below HPI
2005 25 OCT	£393,500	£221,800	77% above HPI
1996 6 SEP	£131,250	£86,075	52% above HPI

8 FAREHAM 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 three 8 FAREHAM CLOSE sales between September 1996 and November 2021 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 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the November 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 8 FAREHAM CLOSE be worth now?

8 FAREHAM CLOSE might now be worth an estimated £289,751.

This is based on house price inflation of 15.9%, between November 2021 and December 2024, 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 15.9% inflationary increase is applied to the most recent sale price for 8 FAREHAM CLOSE of £250,000 on 24th November 2021. For the value to have increased from £250,000 to £289,751 over the two years and eleven months to December 2024, the following assumptions must hold true:

• The value of 8 FAREHAM CLOSE has moved in line with the HPI for detached houses in the Preston local authority area.
• The November 2021 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FAREHAM CLOSE has not materially changed since November 2021.

How Large is 8 FAREHAM CLOSE?

8 FAREHAM CLOSE is 147m² according to the EPC inspection conducted in May 2021. This puts it in the largest 30% 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 FAREHAM CLOSE lies on this distribution: 75% of detached houses houses are smaller than 8 FAREHAM CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Fulwood.

8 FAREHAM CLOSE: Plot and Title Map

8 FAREHAM CLOSE sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of 8 FAREHAM 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 FAREHAM 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 FAREHAM CLOSE?

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