8, MEDWAY CLOSE, LOSTOCK HALL, PRESTON, PR5 5AF - £222,500

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 MEDWAY CLOSE is a midsized semi-detached house of 101m², built sometime between 1983 and 1990, which could now be worth an estimated £295,329. It was last sold for £222,500 in November 2019, which was around 44% above the average November 2019 semi-detached price in the South Ribble local authority area. The most recent EPC inspection was April 2014, where the current energy rating was B, and the potential energy rating was B.

8 MEDWAY CLOSE Sold Prices

Land registry data shows two sales for 8 MEDWAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 8 MEDWAY CLOSE 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
2019 15 NOV	£222,500	£154,491	44% above HPI
2011 4 FEB	£170,000	£133,903	27% above HPI

8 MEDWAY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Ribble local authority area over time, sourced from the HPI. The two 8 MEDWAY CLOSE sales from February 2011 and November 2019 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 2011 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the November 2019 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might 8 MEDWAY CLOSE be worth now?

8 MEDWAY CLOSE might now be worth an estimated £295,329.

This is based on house price inflation of 32.7%, between November 2019 and February 2025, for semi-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 32.7% inflationary increase is applied to the most recent sale price for 8 MEDWAY CLOSE of £222,500 on 15th November 2019. For the value to have increased from £222,500 to £295,329 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 MEDWAY CLOSE has moved in line with the HPI for semi-detached houses in the South Ribble local authority area.
• The November 2019 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 8 MEDWAY CLOSE has not materially changed since November 2019.

How Large is 8 MEDWAY CLOSE?

8 MEDWAY CLOSE is 101m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 50% of semi-detached houses houses in Bamber Bridge, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bamber Bridge, and where 8 MEDWAY CLOSE lies on this distribution: 44% of semi-detached houses houses are smaller than 8 MEDWAY CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Bamber Bridge.

8 MEDWAY CLOSE: Plot and Title Map

8 MEDWAY CLOSE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 8 MEDWAY 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 MEDWAY 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 MEDWAY CLOSE?

8 MEDWAY CLOSE is located in LOSTOCK HALL, in the PR5 postcode district. The below map shows the position of No. 8 on MEDWAY CLOSE.