HONEY WOOD, GOOSNARGH LANE, GOOSNARGH, PRESTON, PR3 2BN - £280,000

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.

HONEY WOOD is a very small semi-detached house of 94m², built sometime between 1930 and 1949, which could now be worth an estimated £332,297. It was last sold for £280,000 in August 2021, which was around 71% above the average August 2021 semi-detached price in the Preston local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

HONEY WOOD Sold Prices

Land registry data shows three sales for HONEY WOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Preston local authority area for the corresponding sale date. All of the three HONEY WOOD 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
2021 18 AUG	£280,000	£163,486	71% above HPI
2013 7 JUN	£215,000	£130,759	64% above HPI
2003 30 MAY	£160,000	£81,675	96% above HPI

HONEY WOOD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Preston local authority area over time, sourced from the HPI. The three HONEY WOOD sales between May 2003 and August 2021 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 2013 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the August 2021 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

What might HONEY WOOD be worth now?

HONEY WOOD might now be worth an estimated £332,297.

This is based on house price inflation of 18.7%, between August 2021 and February 2025, for semi-detached houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.7% inflationary increase is applied to the most recent sale price for HONEY WOOD of £280,000 on 18th August 2021. For the value to have increased from £280,000 to £332,297 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of HONEY WOOD has moved in line with the HPI for semi-detached houses in the Preston local authority area.
• The August 2021 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of HONEY WOOD has not materially changed since August 2021.

How Large is HONEY WOOD?

HONEY WOOD is 94m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 20% of semi-detached houses houses in Goosnargh, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Goosnargh, and where HONEY WOOD lies on this distribution: 16% of semi-detached houses houses are smaller than HONEY WOOD, and 84% of houses are larger. Note that EPC data is not available for all properties in Goosnargh.

HONEY WOOD: Plot and Title Map

HONEY WOOD sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of HONEY WOOD, 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 HONEY WOOD). 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 HONEY WOOD?

HONEY WOOD is located on GOOSNARGH LANE in GOOSNARGH, in the PR3 postcode district. The below map shows the position of HONEY WOOD on GOOSNARGH LANE.