THE BUNGALOW, OLD GREAVES TOWN LANE, LEA, PRESTON, PR2 1PF - £360,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE BUNGALOW is a large detached house of 128m², built sometime between 1983 and 1990. It was last sold for £360,000 in April 2022, which was around 35% above the average April 2022 detached price in the Preston local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

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 Preston 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
2022 8 APR	£360,000	£267,259	35% above HPI
2003 14 AUG	£165,000	£151,274	9% above HPI

THE BUNGALOW Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The two THE BUNGALOW sales from August 2003 and April 2022 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 August 2003 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the April 2022 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is THE BUNGALOW?

THE BUNGALOW is 128m² according to the EPC inspection conducted in April 2023. This puts it in the largest 30% of detached houses in Preston, based on EPC data. The below chart shows the distribution of detached houses by size in Preston, and where THE BUNGALOW lies on this distribution: 73% of detached houses are smaller than THE BUNGALOW, and 26% of houses are larger. Note that EPC data is not available for all properties in Preston.

THE BUNGALOW: Plot and Title Map

THE BUNGALOW sits on a plot of roughly 0.257 of an acre, or 1,041m². 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 OLD GREAVES TOWN LANE in LEA, in the PR2 postcode district. The below map shows the position of THE BUNGALOW on OLD GREAVES TOWN LANE.