8, OLD WOOD ROAD, PENWORTHAM, PRESTON, PR1 9AR - £320,000

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 OLD WOOD ROAD is a midsized extended detached house of 118m², built sometime from 2007 onwards, which could now be worth an estimated £340,520. It was last sold for £320,000 in February 2023, which was around 5% above the average February 2023 detached price in the South Ribble local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

8 OLD WOOD ROAD Sold Prices

Land registry data shows three sales for 8 OLD WOOD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Two of the three 8 OLD WOOD ROAD sales were for above the average price, whilst one was 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
2023 24 FEB	£320,000	£304,362	5% above HPI
2016 4 NOV	£230,000	£237,976	3% below HPI
2008 4 APR	£249,950	£230,395	8% above HPI

8 OLD WOOD ROAD 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 three 8 OLD WOOD ROAD sales between April 2008 and February 2023 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 November 2016 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2023 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 8 OLD WOOD ROAD be worth now?

8 OLD WOOD ROAD might now be worth an estimated £340,520.

This is based on house price inflation of 6.4%, between February 2023 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 6.4% inflationary increase is applied to the most recent sale price for 8 OLD WOOD ROAD of £320,000 on 24th February 2023. For the value to have increased from £320,000 to £340,520 over the two years to February 2025, the following assumptions must hold true:

• The value of 8 OLD WOOD ROAD has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The February 2023 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OLD WOOD ROAD has not materially changed since February 2023.

How Large is 8 OLD WOOD ROAD?

8 OLD WOOD ROAD is 118m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 50% 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 8 OLD WOOD ROAD lies on this distribution: 55% of detached houses houses are smaller than 8 OLD WOOD ROAD, and 43% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

8 OLD WOOD ROAD: Plot and Title Map

8 OLD WOOD ROAD sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 8 OLD WOOD ROAD, 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 OLD WOOD ROAD). 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 OLD WOOD ROAD?

8 OLD WOOD ROAD is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 8 on OLD WOOD ROAD.