NEW PONDEN, RIVERMEAD DRIVE, GARSTANG, PRESTON, PR3 1JJ - £325,000

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.

NEW PONDEN is a large detached house of 138m², built sometime between 1950 and 1966, which could now be worth an estimated £414,522. It was last sold for £325,000 in November 2017, which was around 34% above the average November 2017 detached price in the Wyre local authority area. The most recent EPC inspection was November 2013, where the current energy rating was C, and the potential energy rating was C.

NEW PONDEN Sold Prices

Land registry data shows three sales for NEW PONDEN 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 NEW PONDEN 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
2017 10 NOV	£325,000	£243,097	34% above HPI
2002 3 JUL	£179,950	£124,115	45% above HPI
1996 4 JUN	£87,000	£83,812	4% above HPI

NEW PONDEN 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 NEW PONDEN sales between June 1996 and November 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 July 2002 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the November 2017 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might NEW PONDEN be worth now?

NEW PONDEN might now be worth an estimated £414,522.

This is based on house price inflation of 27.5%, between November 2017 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 27.5% inflationary increase is applied to the most recent sale price for NEW PONDEN of £325,000 on 10th November 2017. For the value to have increased from £325,000 to £414,522 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of NEW PONDEN has moved in line with the HPI for detached houses in the Wyre local authority area.
• The November 2017 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of NEW PONDEN has not materially changed since November 2017.

How Large is NEW PONDEN?

NEW PONDEN is 138m² according to the EPC inspection conducted in November 2013. This puts it in the largest 40% of detached houses houses in Garstang, based on EPC data. The below chart shows the distribution of detached houses houses by size in Garstang, and where NEW PONDEN lies on this distribution: 67% of detached houses houses are smaller than NEW PONDEN, and 32% of houses are larger. Note that EPC data is not available for all properties in Garstang.

NEW PONDEN: Plot and Title Map

NEW PONDEN sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of NEW PONDEN, 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 NEW PONDEN). 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 NEW PONDEN?

NEW PONDEN is located on RIVERMEAD DRIVE in GARSTANG, in the PR3 postcode district. The below map shows the position of NEW PONDEN on RIVERMEAD DRIVE.