PATCHETTS, RAIKES ROAD, THORNTON-CLEVELEYS, FY5 5LU - £350,000

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.

PATCHETTS is a very large extended detached house of 177m², built sometime between 1950 and 1966, which could now be worth an estimated £410,488. It was last sold for £350,000 in August 2020, which was around 44% above the average August 2020 detached price in the Wyre local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

PATCHETTS Sold Prices

Land registry data shows two sales for PATCHETTS 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 PATCHETTS 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
2020 28 AUG	£350,000	£243,222	44% above HPI
1997 4 APR	£200,000	£87,491	129% above HPI

PATCHETTS 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 PATCHETTS sales from April 1997 and August 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 April 1997 sale was for 129% above the HPI. So the extrapolation line tracks at 129% above the HPI over time, until the August 2020 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might PATCHETTS be worth now?

PATCHETTS might now be worth an estimated £410,488.

This is based on house price inflation of 17.3%, between August 2020 and June 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 17.3% inflationary increase is applied to the most recent sale price for PATCHETTS of £350,000 on 28th August 2020. For the value to have increased from £350,000 to £410,488 over the five years and two months to June 2025, the following assumptions must hold true:

• The value of PATCHETTS has moved in line with the HPI for detached houses in the Wyre local authority area.
• The August 2020 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of PATCHETTS has not materially changed since August 2020.

How Large is PATCHETTS?

PATCHETTS is 177m², which includes three extensions, according to the EPC inspection conducted in June 2013. This puts it in the largest 10% of detached houses houses in Thornton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thornton, and where PATCHETTS lies on this distribution: 94% of detached houses houses are smaller than PATCHETTS, and 6% of houses are larger. Note that EPC data is not available for all properties in Thornton.

PATCHETTS: Plot and Title Map

PATCHETTS sits on a plot of roughly 0.269 of an acre, or 1,090m². The below map shows the location of PATCHETTS, 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 PATCHETTS). 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 PATCHETTS?

PATCHETTS is located on RAIKES ROAD in THORNTON-CLEVELEYS, in the FY5 postcode district. The below map shows the position of PATCHETTS on RAIKES ROAD.