OAK HOUSE, RIBCHESTER ROAD, HOTHERSALL, PRESTON, PR3 3XA - £300,000

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

OAK HOUSE is a small detached house of 114m², built sometime before 1900. It was last sold for £300,000 in September 2020, which was around 11% below the average September 2020 detached price in the Ribble Valley local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was C.

OAK HOUSE Sold Prices

Land registry data shows three sales for OAK 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 Ribble Valley local authority area for the corresponding sale date. One of the three OAK HOUSE sales was for below the average price, whilst two 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
2020 24 SEP	£300,000	£337,733	11% below HPI
2004 25 JUN	£285,000	£239,980	19% above HPI
1999 15 FEB	£123,000	£110,323	11% above HPI

OAK HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The three OAK HOUSE sales between February 1999 and September 2020 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 2004 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2020 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is OAK HOUSE?

OAK HOUSE is 114m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 40% of detached houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses by size in Longridge, and where OAK HOUSE lies on this distribution: 40% of detached houses are smaller than OAK HOUSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Longridge.

OAK HOUSE: Plot and Title Map

OAK HOUSE sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of OAK 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 OAK 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 OAK HOUSE?

OAK HOUSE is located on RIBCHESTER ROAD in HOTHERSALL, in the PR3 postcode district. The below map shows the position of OAK HOUSE on RIBCHESTER ROAD.