HOMESTEAD, UNDERBANK ROAD, THORNTON-CLEVELEYS, FY5 5LN - £585,000

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

HOMESTEAD is a very large extended detached house of 307m², built sometime between 1930 and 1949, which could now be worth an estimated £592,940. It was last sold for £585,000 in December 2022, which was around 91% above the average December 2022 detached price in the Wyre local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was C.

HOMESTEAD Sold Prices

Land registry data shows three sales for HOMESTEAD 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 HOMESTEAD 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
2022 19 DEC	£585,000	£305,907	91% above HPI
2005 24 JUN	£367,500	£214,576	71% above HPI
2003 20 JUN	£249,950	£154,525	62% above HPI

HOMESTEAD 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 HOMESTEAD sales between June 2003 and December 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 June 2005 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the December 2022 sale, where it rises to 91% above the HPI. The line then continues to track at 91% above the HPI.

What might HOMESTEAD be worth now?

HOMESTEAD might now be worth an estimated £592,940.

This is based on house price inflation of 1.4%, between December 2022 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 1.4% inflationary increase is applied to the most recent sale price for HOMESTEAD of £585,000 on 19th December 2022. For the value to have increased from £585,000 to £592,940 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of HOMESTEAD has moved in line with the HPI for detached houses in the Wyre local authority area.
• The December 2022 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of HOMESTEAD has not materially changed since December 2022.

How Large is HOMESTEAD?

HOMESTEAD is 307m², which includes two extensions, according to the EPC inspection conducted in March 2013. This puts it in the largest 10% 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 HOMESTEAD lies on this distribution: More than 99% of detached houses houses are smaller than HOMESTEAD, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Thornton.

HOMESTEAD: Plot and Title Map

HOMESTEAD sits on a plot of roughly 0.193 of an acre, or 782m². The below map shows the location of HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

HOMESTEAD is located on UNDERBANK ROAD in THORNTON-CLEVELEYS, in the FY5 postcode district. The below map shows the position of HOMESTEAD on UNDERBANK ROAD.