THE LAUND, WHITTINGHAM LANE, GRIMSARGH, PRESTON, PR2 5LH - £1,000,000

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 LAUND is a very large extended detached house of 505m², built sometime between 1900 and 1929. It was last sold for £1,000,000 in October 2022, which was around 251% above the average October 2022 detached price in the Preston local authority area. The most recent EPC inspection was April 2021, where the current energy rating was F, and the potential energy rating was D.

THE LAUND Sold Prices

Land registry data shows two sales for THE LAUND 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 LAUND 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 28 OCT	£1,000,000	£284,553	251% above HPI
2000 3 MAR	£350,000	£91,314	283% above HPI

THE LAUND 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 LAUND sales from March 2000 and October 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 March 2000 sale was for 283% above the HPI. So the extrapolation line tracks at 283% above the HPI over time, until the October 2022 sale, where it falls to 251% above the HPI. The line then continues to track at 251% above the HPI.

How Large is THE LAUND?

THE LAUND is 505m², which includes two extensions, according to the EPC inspection conducted in April 2021. This puts it in the largest 10% of detached houses in Grimsargh, based on EPC data. The below chart shows the distribution of detached houses by size in Grimsargh, and where THE LAUND lies on this distribution: More than 99% of detached houses are smaller than THE LAUND, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Grimsargh.

THE LAUND: Plot and Title Map

THE LAUND sits on a plot of roughly 0.937 of an acre, or 3,793m². The below map shows the location of THE LAUND, 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 LAUND). 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 LAUND?

THE LAUND is located on WHITTINGHAM LANE in GRIMSARGH, in the PR2 postcode district. The below map shows the position of THE LAUND on WHITTINGHAM LANE.