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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

NEW PONDEN is a large detached house of 138m², built sometime between 1950 and 1966. It was last sold for £325,000 in November 2017, which was around 40% 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	£231,571	40% above HPI
2002 3 JUL	£179,950	£118,230	52% above HPI
1996 4 JUN	£87,000	£79,839	9% 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 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the November 2017 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

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 in Garstang, based on EPC data. The below chart shows the distribution of detached houses by size in Garstang, and where NEW PONDEN lies on this distribution: 67% of detached houses are smaller than NEW PONDEN, and 33% 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.