THE GALLERY, MILLER LANE, COTTAM, PRESTON, PR4 0ND - £440,000

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 GALLERY is a very large detached house of 191m², built sometime between 1996 and 2002. It was last sold for £440,000 in November 2021, which was around 67% above the average November 2021 detached price in the Preston local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was C.

THE GALLERY Sold Prices

Land registry data shows two sales for THE GALLERY 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 GALLERY 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
2021 15 NOV	£440,000	£263,411	67% above HPI
2008 3 OCT	£427,500	£222,461	92% above HPI

THE GALLERY 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 GALLERY sales from October 2008 and November 2021 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 October 2008 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the November 2021 sale, where it falls to 67% above the HPI. The line then continues to track at 67% above the HPI.

How Large is THE GALLERY?

THE GALLERY is 191m² according to the EPC inspection conducted in August 2020. This puts it in the largest 10% of detached houses in Cottam, based on EPC data. The below chart shows the distribution of detached houses by size in Cottam, and where THE GALLERY lies on this distribution: 96% of detached houses are smaller than THE GALLERY, and 4% of houses are larger. Note that EPC data is not available for all properties in Cottam.

THE GALLERY: Plot and Title Map

THE GALLERY sits on a plot of roughly 0.108 of an acre, or 435m². The below map shows the location of THE GALLERY, 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 GALLERY). 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 GALLERY?

THE GALLERY is located on MILLER LANE in COTTAM, in the PR4 postcode district. The below map shows the position of THE GALLERY on MILLER LANE.