8, PENNY FARTHING LANE, THORNTON-CLEVELEYS, FY5 2ED - £240,000

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 PENNY FARTHING LANE is a large detached house of 139m², built sometime between 1976 and 1982, which could now be worth an estimated £323,315. It was last sold for £240,000 in August 2016, which was around 8% above the average August 2016 detached price in the Wyre local authority area. The most recent EPC inspection was June 2011, where the current energy rating was C, and the potential energy rating was C.

8 PENNY FARTHING LANE Sold Prices

Land registry data shows three sales for 8 PENNY FARTHING LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. All of the three 8 PENNY FARTHING LANE 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
2016 15 AUG	£240,000	£223,163	8% above HPI
2012 25 MAY	£240,000	£205,585	17% above HPI
1996 12 SEP	£107,000	£84,696	26% above HPI

8 PENNY FARTHING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The three 8 PENNY FARTHING LANE sales between September 1996 and August 2016 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 May 2012 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the August 2016 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 8 PENNY FARTHING LANE be worth now?

8 PENNY FARTHING LANE might now be worth an estimated £323,315.

This is based on house price inflation of 34.7%, between August 2016 and December 2024, for detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.7% inflationary increase is applied to the most recent sale price for 8 PENNY FARTHING LANE of £240,000 on 15th August 2016. For the value to have increased from £240,000 to £323,315 over the seven years and eight months to December 2024, the following assumptions must hold true:

• The value of 8 PENNY FARTHING LANE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The August 2016 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PENNY FARTHING LANE has not materially changed since August 2016.

How Large is 8 PENNY FARTHING LANE?

8 PENNY FARTHING LANE is 139m² according to the EPC inspection conducted in June 2011. This puts it in the largest 30% of detached houses houses in Thornton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thornton, and where 8 PENNY FARTHING LANE lies on this distribution: 80% of detached houses houses are smaller than 8 PENNY FARTHING LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Thornton.

8 PENNY FARTHING LANE: Plot and Title Map

8 PENNY FARTHING LANE sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of 8 PENNY FARTHING LANE, 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 PENNY FARTHING LANE). 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 PENNY FARTHING LANE?

8 PENNY FARTHING LANE is located in THORNTON-CLEVELEYS, in the FY5 postcode district. The below map shows the position of No. 8 on PENNY FARTHING LANE.