MILL HOUSE, COTTAM LANE, INGOL, PRESTON, PR2 3XW - £250,000

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 HOUSE is a large detached house of 148m², built sometime between 1900 and 1929. It was last sold for £250,000 in December 2017, which was around 1% above the average December 2017 detached price in the Preston local authority area. The most recent EPC inspection was April 2017, where the current energy rating was B, and the potential energy rating was B.

MILL HOUSE Sold Prices

Land registry data shows three sales for MILL HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Preston local authority area for the corresponding sale date. One of the three MILL HOUSE sales was for above the average price, whilst two 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
2017 4 DEC	£250,000	£248,526	1% above HPI
2010 11 JUN	£200,000	£237,742	16% below HPI
1998 30 JAN	£25,000	£91,711	73% below HPI

MILL HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The three MILL HOUSE sales between January 1998 and December 2017 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 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2017 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might MILL HOUSE be worth now?

MILL HOUSE might now be worth an estimated £327,312.

This is based on house price inflation of 30.9%, between December 2017 and December 2024, for 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 30.9% inflationary increase is applied to the most recent sale price for MILL HOUSE of £250,000 on 4th December 2017. For the value to have increased from £250,000 to £327,312 over the seven years to December 2024, the following assumptions must hold true:

• The value of MILL HOUSE has moved in line with the HPI for detached houses in the Preston local authority area.
• The December 2017 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of MILL HOUSE has not materially changed since December 2017.

How Large is MILL HOUSE?

MILL HOUSE is 148m² according to the EPC inspection conducted in April 2017. This puts it in the largest 30% of detached houses houses in Fulwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fulwood, and where MILL HOUSE lies on this distribution: 76% of detached houses houses are smaller than MILL HOUSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Fulwood.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.146 of an acre, or 590m². The below map shows the location of MILL HOUSE, 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 HOUSE). 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 HOUSE?

MILL HOUSE is located on COTTAM LANE in INGOL, in the PR2 postcode district. The below map shows the position of MILL HOUSE on COTTAM LANE.