NEWSTEAD COTTAGE, SCHOOL LANE, FORTON, PRESTON, PR3 0AS - £675,000

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.

NEWSTEAD COTTAGE is a very large extended detached house of 184m², built sometime before 1900, which could now be worth an estimated £723,458. It was last sold for £675,000 in June 2022, which was around 133% above the average June 2022 detached price in the Wyre local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

NEWSTEAD COTTAGE Sold Prices

Land registry data shows two sales for NEWSTEAD 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 Wyre local authority area for the corresponding sale date. Both of the two NEWSTEAD COTTAGE 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
2022 20 JUN	£675,000	£289,291	133% above HPI
2007 12 JUL	£284,950	£242,115	18% above HPI

NEWSTEAD COTTAGE 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 two NEWSTEAD COTTAGE sales from July 2007 and June 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 July 2007 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the June 2022 sale, where it rises to 133% above the HPI. The line then continues to track at 133% above the HPI.

What might NEWSTEAD COTTAGE be worth now?

NEWSTEAD COTTAGE might now be worth an estimated £723,458.

This is based on house price inflation of 7.2%, between June 2022 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 7.2% inflationary increase is applied to the most recent sale price for NEWSTEAD COTTAGE of £675,000 on 20th June 2022. For the value to have increased from £675,000 to £723,458 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of NEWSTEAD COTTAGE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The June 2022 sale price of £675,000 represented a fair market value for the property.
• The size, condition, and specification of NEWSTEAD COTTAGE has not materially changed since June 2022.

How Large is NEWSTEAD COTTAGE?

NEWSTEAD COTTAGE is 184m², which includes two extensions, according to the EPC inspection conducted in April 2022. This puts it in the largest 20% of detached houses houses in Forton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Forton, and where NEWSTEAD COTTAGE lies on this distribution: 89% of detached houses houses are smaller than NEWSTEAD COTTAGE, and 11% of houses are larger. Note that EPC data is not available for all properties in Forton.

NEWSTEAD COTTAGE: Plot and Title Map

NEWSTEAD COTTAGE sits on a plot of roughly 0.363 of an acre, or 1,468m². The below map shows the location of NEWSTEAD 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 NEWSTEAD 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 NEWSTEAD COTTAGE?

NEWSTEAD COTTAGE is located on SCHOOL LANE in FORTON, in the PR3 postcode district. The below map shows the position of NEWSTEAD COTTAGE on SCHOOL LANE.