8, PARK CLOSE, RIBBLETON, PRESTON, PR2 6YW - £270,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 PARK CLOSE is a midsized extended detached house of 113m², built sometime between 2003 and 2006. It was last sold for £270,000 in December 2021, which was around 3% above the average December 2021 detached price in the Preston local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

8 PARK CLOSE Sold Prices

Land registry data shows three sales for 8 PARK 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. Two of the three 8 PARK CLOSE 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
2021 3 DEC	£270,000	£262,144	3% above HPI
2006 2 JUN	£195,000	£213,658	9% below HPI
2003 9 JUL	£174,950	£146,686	19% above HPI

8 PARK 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 PARK CLOSE sales between July 2003 and December 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 June 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2021 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 8 PARK CLOSE?

8 PARK CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 50% of detached houses in Preston, based on EPC data. The below chart shows the distribution of detached houses by size in Preston, and where 8 PARK CLOSE lies on this distribution: 59% of detached houses are smaller than 8 PARK CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Preston.

8 PARK CLOSE: Plot and Title Map

8 PARK CLOSE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 8 PARK 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 PARK 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 PARK CLOSE?

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