9, LOWER LANE, LONGRIDGE, PRESTON, PR3 3SL - £245,000

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

9 LOWER LANE is a midsized extended detached house of 130m², built sometime between 1930 and 1949. It was last sold for £245,000 in December 2017, which was around 24% below the average December 2017 detached price in the Ribble Valley local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

9 LOWER LANE Sold Prices

Land registry data shows two sales for 9 LOWER LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. Both of the two 9 LOWER LANE 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
2017 15 DEC	£245,000	£324,349	24% below HPI
2004 13 FEB	£189,000	£209,414	10% below HPI

9 LOWER LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The two 9 LOWER LANE sales from February 2004 and December 2017 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 2004 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2017 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 9 LOWER LANE?

9 LOWER LANE is 130m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the largest 40% of detached houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses by size in Longridge, and where 9 LOWER LANE lies on this distribution: 59% of detached houses are smaller than 9 LOWER LANE, and 40% of houses are larger. Note that EPC data is not available for all properties in Longridge.

9 LOWER LANE: Plot and Title Map

9 LOWER LANE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 9 LOWER 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 9 LOWER 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 9 LOWER LANE?

9 LOWER LANE is located in LONGRIDGE, in the PR3 postcode district. The below map shows the position of No. 9 on LOWER LANE.