MILL FARM, MILL LANE, HESKETH BANK, PRESTON, PR4 6RA - £475,000

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

MILL FARM is a very large detached house of 307m², built sometime between 2003 and 2006, which could now be worth an estimated £649,292. It was last sold for £475,000 in April 2018, which was around 76% above the average April 2018 detached price in the West Lancashire local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

MILL FARM Sold Prices

Land registry data shows two sales for MILL FARM 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. Both of the two MILL FARM 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
2018 20 APR	£475,000	£269,817	76% above HPI
2017 28 APR	£580,000	£260,353	123% above HPI

MILL FARM 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 MILL FARM sales from April 2017 and April 2018 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 April 2017 sale was for 123% above the HPI. So the extrapolation line tracks at 123% above the HPI over time, until the April 2018 sale, where it falls to 76% above the HPI. The line then continues to track at 76% above the HPI.

What might MILL FARM be worth now?

MILL FARM might now be worth an estimated £649,292.

This is based on house price inflation of 36.7%, between April 2018 and December 2024, 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 36.7% inflationary increase is applied to the most recent sale price for MILL FARM of £475,000 on 20th April 2018. For the value to have increased from £475,000 to £649,292 over the five years and four months to December 2024, the following assumptions must hold true:

• The value of MILL FARM has moved in line with the HPI for detached houses in the West Lancashire local authority area.
• The April 2018 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of MILL FARM has not materially changed since April 2018.

How Large is MILL FARM?

MILL FARM is 307m² according to the EPC inspection conducted in March 2017. This puts it in the largest 10% of detached houses houses in Becconsall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Becconsall, and where MILL FARM lies on this distribution: More than 99% of detached houses houses are smaller than MILL FARM, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Becconsall.

MILL FARM: Plot and Title Map

MILL FARM sits on a plot of roughly 0.209 of an acre, or 847m². The below map shows the location of MILL FARM, 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 MILL FARM). 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 MILL FARM?

MILL FARM is located on MILL LANE in HESKETH BANK, in the PR4 postcode district. The below map shows the position of MILL FARM on MILL LANE.