THE BUNGALOW, MILL LANE, WREA GREEN, PRESTON, PR4 2WP - £357,552

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.

THE BUNGALOW is a large detached house of 167m², built sometime between 1950 and 1966, which could now be worth an estimated £458,777. It was last sold for £357,552 in June 2020, which was around 17% above the average June 2020 detached price in the Fylde local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

THE BUNGALOW Sold Prices

Land registry data shows two sales for THE BUNGALOW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Fylde local authority area for the corresponding sale date. Both of the two THE BUNGALOW 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 2 JUN	£357,552	£306,535	17% above HPI
2003 31 JAN	£340,000	£180,018	89% above HPI

THE BUNGALOW Price Paid vs. HPI Average

The below graph shows the average detached house price in the Fylde local authority area over time, sourced from the HPI. The two THE BUNGALOW sales from January 2003 and June 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 January 2003 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the June 2020 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might THE BUNGALOW be worth now?

THE BUNGALOW might now be worth an estimated £458,777.

This is based on house price inflation of 28.3%, between June 2020 and February 2025, for detached houses, in the Fylde local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.3% inflationary increase is applied to the most recent sale price for THE BUNGALOW of £357,552 on 2nd June 2020. For the value to have increased from £357,552 to £458,777 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of THE BUNGALOW has moved in line with the HPI for detached houses in the Fylde local authority area.
• The June 2020 sale price of £357,552 represented a fair market value for the property.
• The size, condition, and specification of THE BUNGALOW has not materially changed since June 2020.

How Large is THE BUNGALOW?

THE BUNGALOW is 167m² according to the EPC inspection conducted in March 2020. This puts it in the largest 40% of detached houses houses in Wrea Green, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wrea Green, and where THE BUNGALOW lies on this distribution: 63% of detached houses houses are smaller than THE BUNGALOW, and 36% of houses are larger. Note that EPC data is not available for all properties in Wrea Green.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.220 of an acre, or 892m². The below map shows the location of THE BUNGALOW, 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 THE BUNGALOW). 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 THE BUNGALOW?

THE BUNGALOW is located on MILL LANE in WREA GREEN, in the PR4 postcode district. The below map shows the position of THE BUNGALOW on MILL LANE.