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

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

OLD BANK HOUSE is a very large extended detached house of 173m², built sometime between 1930 and 1949. It was last sold for £455,000 in August 2015, which was around 119% 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	£207,812	119% above HPI
2012 21 SEP	£420,000	£202,782	107% above HPI
2001 28 SEP	£215,000	£107,288	100% above HPI
1999 7 SEP	£198,000	£89,285	122% 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 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the August 2015 sale, where it rises to 119% above the HPI. The line then continues to track at 119% above the HPI.

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 in Garstang, based on EPC data. The below chart shows the distribution of detached houses by size in Garstang, and where OLD BANK HOUSE lies on this distribution: 86% of detached houses are smaller than OLD BANK HOUSE, and 14% 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.