OLD BANK HOUSE, HIGH STREET, GARSTANG, PRESTON, PR3 1FA - £455,000

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

OLD BANK HOUSE is a very large extended detached house of 173m², built sometime between 1930 and 1949, which could now be worth an estimated £627,022. It was last sold for £455,000 in August 2015, which was around 109% above the average August 2015 detached price in the Wyre local authority area. The most recent EPC inspection was May 2015, where the current energy rating was F, and the potential energy rating was D.

OLD BANK HOUSE Sold Prices

Land registry data shows four sales for OLD BANK HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. All of the four OLD BANK HOUSE 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
2015 28 AUG	£455,000	£218,155	109% above HPI
2012 21 SEP	£420,000	£212,876	97% above HPI
2001 28 SEP	£215,000	£112,628	91% above HPI
1999 7 SEP	£198,000	£93,729	111% above HPI

OLD BANK HOUSE 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 four OLD BANK HOUSE sales between September 1999 and August 2015 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 September 2012 sale was for 97% above the HPI. So the extrapolation line tracks at 97% above the HPI over time, until the August 2015 sale, where it rises to 109% above the HPI. The line then continues to track at 109% above the HPI.

What might OLD BANK HOUSE be worth now?

OLD BANK HOUSE might now be worth an estimated £627,022.

This is based on house price inflation of 37.8%, between August 2015 and December 2024, 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 37.8% inflationary increase is applied to the most recent sale price for OLD BANK HOUSE of £455,000 on 28th August 2015. For the value to have increased from £455,000 to £627,022 over the eight years and eight months to December 2024, the following assumptions must hold true:

• The value of OLD BANK HOUSE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The August 2015 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of OLD BANK HOUSE has not materially changed since August 2015.

How Large is OLD BANK HOUSE?

OLD BANK HOUSE is 173m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the largest 20% 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 OLD BANK HOUSE lies on this distribution: 86% of detached houses houses are smaller than OLD BANK HOUSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Garstang.

OLD BANK HOUSE: Plot and Title Map

OLD BANK HOUSE sits on a plot of roughly 0.261 of an acre, or 1,056m². The below map shows the location of OLD BANK 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 OLD BANK 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 OLD BANK HOUSE?

OLD BANK HOUSE is located on HIGH STREET in GARSTANG, in the PR3 postcode district. The below map shows the position of OLD BANK HOUSE on HIGH STREET.