GRASMERE, HOLLINS LANE, FORTON, PRESTON, PR3 0AA - £184,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GRASMERE is a very small extended detached house of 69m², built sometime between 1930 and 1949, which could now be worth an estimated £239,880. It was last sold for £184,000 in November 2019, which was around 23% below the average November 2019 detached price in the Wyre local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was B.

GRASMERE Sold Prices

Land registry data shows two sales for GRASMERE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. Both of the two GRASMERE 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
2019 8 NOV	£184,000	£237,831	23% below HPI
2011 21 JUL	£195,000	£209,925	7% below HPI

GRASMERE 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 two GRASMERE sales from July 2011 and November 2019 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 July 2011 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2019 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might GRASMERE be worth now?

GRASMERE might now be worth an estimated £239,880.

This is based on house price inflation of 30.4%, between November 2019 and February 2025, 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 30.4% inflationary increase is applied to the most recent sale price for GRASMERE of £184,000 on 8th November 2019. For the value to have increased from £184,000 to £239,880 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of GRASMERE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The November 2019 sale price of £184,000 represented a fair market value for the property.
• The size, condition, and specification of GRASMERE has not materially changed since November 2019.

How Large is GRASMERE?

GRASMERE is 69m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the smallest 10% of detached houses houses in Forton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Forton, and where GRASMERE lies on this distribution: 1% of detached houses houses are smaller than GRASMERE, and 99% of houses are larger. Note that EPC data is not available for all properties in Forton.

GRASMERE: Plot and Title Map

GRASMERE sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of GRASMERE, 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 GRASMERE). 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 GRASMERE?

GRASMERE is located on HOLLINS LANE in FORTON, in the PR3 postcode district. The below map shows the position of GRASMERE on HOLLINS LANE.