ASHLEA, LEA ROAD, LEA TOWN, PRESTON, PR4 0RA - £255,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

ASHLEA is a very small detached house of 88m², built sometime between 1950 and 1966. It was last sold for £255,000 in November 2022, which was around 10% below the average November 2022 detached price in the Preston local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

ASHLEA Sold Prices

Land registry data shows four sales for ASHLEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Preston local authority area for the corresponding sale date. Most of the four ASHLEA 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
2022 24 NOV	£255,000	£283,072	10% below HPI
2008 1 MAY	£213,000	£230,911	8% below HPI
2005 29 JUL	£180,000	£200,829	10% below HPI
2003 13 JAN	£138,000	£130,273	6% above HPI

ASHLEA 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 four ASHLEA sales between January 2003 and November 2022 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 2008 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2022 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is ASHLEA?

ASHLEA is 88m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of detached houses in Cottam, based on EPC data. The below chart shows the distribution of detached houses by size in Cottam, and where ASHLEA lies on this distribution: 8% of detached houses are smaller than ASHLEA, and 91% of houses are larger. Note that EPC data is not available for all properties in Cottam.

ASHLEA: Plot and Title Map

ASHLEA sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of ASHLEA, 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 ASHLEA). 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 ASHLEA?

ASHLEA is located on LEA ROAD in LEA TOWN, in the PR4 postcode district. The below map shows the position of ASHLEA on LEA ROAD.