NOOK FARM, SMITH CLOSE, GRIMSARGH, PRESTON, PR2 5JH - £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

NOOK FARM is a large extended detached house of 171m², built sometime before 1900, which could now be worth an estimated £589,137. It was last sold for £475,000 in May 2021, which was around 81% above the average May 2021 detached price in the Preston local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

NOOK FARM Sold Prices

Land registry data shows two sales for NOOK 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 Preston local authority area for the corresponding sale date. Both of the two NOOK 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
2021 21 MAY	£475,000	£262,344	81% above HPI
2002 31 MAY	£168,000	£122,492	37% above HPI

NOOK FARM 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 two NOOK FARM sales from May 2002 and May 2021 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 May 2002 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the May 2021 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

What might NOOK FARM be worth now?

NOOK FARM might now be worth an estimated £589,137.

This is based on house price inflation of 24%, between May 2021 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 24% inflationary increase is applied to the most recent sale price for NOOK FARM of £475,000 on 21st May 2021. For the value to have increased from £475,000 to £589,137 over the two years and five months to December 2024, the following assumptions must hold true:

• The value of NOOK FARM has moved in line with the HPI for detached houses in the Preston local authority area.
• The May 2021 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of NOOK FARM has not materially changed since May 2021.

How Large is NOOK FARM?

NOOK FARM is 171m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the largest 40% of detached houses houses in Grimsargh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grimsargh, and where NOOK FARM lies on this distribution: 65% of detached houses houses are smaller than NOOK FARM, and 34% of houses are larger. Note that EPC data is not available for all properties in Grimsargh.

NOOK FARM: Plot and Title Map

NOOK FARM sits on a plot of roughly 0.279 of an acre, or 1,131m². The below map shows the location of NOOK 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 NOOK 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 NOOK FARM?

NOOK FARM is located on SMITH CLOSE in GRIMSARGH, in the PR2 postcode district. The below map shows the position of NOOK FARM on SMITH CLOSE.