BACK COTTAGE, PARK TERRACE, WREA GREEN, PRESTON, PR4 2WN - £450,000

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

BACK COTTAGE is a large extended detached house of 192m², built sometime before 1900. It was last sold for £450,000 in May 2023, which was around 24% above the average May 2023 detached price in the Fylde local authority area. The most recent EPC inspection was November 2010, where the current energy rating was F, and the potential energy rating was D.

BACK COTTAGE Sold Prices

Land registry data shows three sales for BACK COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Fylde local authority area for the corresponding sale date. All of the three BACK COTTAGE 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
2023 19 MAY	£450,000	£363,121	24% above HPI
2012 19 JAN	£357,500	£249,367	43% above HPI
1998 23 JAN	£182,500	£96,107	90% above HPI

BACK COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fylde local authority area over time, sourced from the HPI. The three BACK COTTAGE sales between January 1998 and May 2023 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 January 2012 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the May 2023 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is BACK COTTAGE?

BACK COTTAGE is 192m², which includes two extensions, according to the EPC inspection conducted in November 2010. This puts it in the largest 30% of detached houses in Wrea Green, based on EPC data. The below chart shows the distribution of detached houses by size in Wrea Green, and where BACK COTTAGE lies on this distribution: 80% of detached houses are smaller than BACK COTTAGE, and 20% of houses are larger. Note that EPC data is not available for all properties in Wrea Green.

BACK COTTAGE: Plot and Title Map

BACK COTTAGE sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of BACK COTTAGE, 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 BACK COTTAGE). 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 BACK COTTAGE?

BACK COTTAGE is located on PARK TERRACE in WREA GREEN, in the PR4 postcode district. The below map shows the position of BACK COTTAGE on PARK TERRACE.