MASTERS COTTAGE, THE WALK, HESKETH BANK, PRESTON, PR4 6XR - £405,000

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.

MASTERS COTTAGE is a very large detached house of 250m², built sometime between 1900 and 1929, which could now be worth an estimated £437,690. It was last sold for £405,000 in December 2022, which was around 20% above the average December 2022 detached price in the West Lancashire local authority area. The most recent EPC inspection was December 2021, where the current energy rating was E, and the potential energy rating was C.

MASTERS COTTAGE Sold Prices

Land registry data shows two sales for MASTERS COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. One of the two MASTERS COTTAGE sales was for above the average price, whilst the other was 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 12 DEC	£405,000	£337,393	20% above HPI
1996 15 MAY	£65,000	£84,050	23% below HPI

MASTERS COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The two MASTERS COTTAGE sales from May 1996 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 May 1996 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2022 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might MASTERS COTTAGE be worth now?

MASTERS COTTAGE might now be worth an estimated £437,690.

This is based on house price inflation of 8.1%, between December 2022 and February 2025, for detached houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.1% inflationary increase is applied to the most recent sale price for MASTERS COTTAGE of £405,000 on 12th December 2022. For the value to have increased from £405,000 to £437,690 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of MASTERS COTTAGE has moved in line with the HPI for detached houses in the West Lancashire local authority area.
• The December 2022 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of MASTERS COTTAGE has not materially changed since December 2022.

How Large is MASTERS COTTAGE?

MASTERS COTTAGE is 250m² according to the EPC inspection conducted in December 2021. This puts it in the largest 10% of detached houses houses in Hesketh Bank, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hesketh Bank, and where MASTERS COTTAGE lies on this distribution: 99% of detached houses houses are smaller than MASTERS COTTAGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Hesketh Bank.

MASTERS COTTAGE: Plot and Title Map

MASTERS COTTAGE sits on a plot of roughly 3.8 acres, or 15,275m². The below map shows the location of MASTERS 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 MASTERS 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 MASTERS COTTAGE?

MASTERS COTTAGE is located on THE WALK in HESKETH BANK, in the PR4 postcode district. The below map shows the position of MASTERS COTTAGE on THE WALK.