8, OTTERS CLOSE, RIBBLETON, PRESTON, PR2 6NG - £133,500

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 OTTERS CLOSE is a midsized detached house of 103m², built sometime between 1976 and 1982, which could now be worth an estimated £197,936. It was last sold for £133,500 in June 2013, which was around 40% below the average June 2013 detached price in the Preston local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

8 OTTERS CLOSE Sold Prices

Land registry data shows three sales for 8 OTTERS 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. All of the three 8 OTTERS 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
2013 14 JUN	£133,500	£221,605	40% below HPI
2003 19 AUG	£120,000	£161,228	26% below HPI
2000 28 JAN	£71,000	£99,518	29% below HPI

8 OTTERS 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 OTTERS CLOSE sales between January 2000 and June 2013 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 August 2003 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2013 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might 8 OTTERS CLOSE be worth now?

8 OTTERS CLOSE might now be worth an estimated £197,936.

This is based on house price inflation of 48.3%, between June 2013 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 48.3% inflationary increase is applied to the most recent sale price for 8 OTTERS CLOSE of £133,500 on 14th June 2013. For the value to have increased from £133,500 to £197,936 over the twelve years and four months to February 2025, the following assumptions must hold true:

• The value of 8 OTTERS CLOSE has moved in line with the HPI for detached houses in the Preston local authority area.
• The June 2013 sale price of £133,500 represented a fair market value for the property.
• The size, condition, and specification of 8 OTTERS CLOSE has not materially changed since June 2013.

How Large is 8 OTTERS CLOSE?

8 OTTERS CLOSE is 103m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 50% of detached houses houses in Preston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Preston, and where 8 OTTERS CLOSE lies on this distribution: 47% of detached houses houses are smaller than 8 OTTERS CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Preston.

8 OTTERS CLOSE: Plot and Title Map

8 OTTERS CLOSE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 8 OTTERS 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 OTTERS 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 OTTERS CLOSE?

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