THE LAURELS, CHAIGLEY ROAD, LONGRIDGE, PRESTON, PR3 3TQ - £350,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE LAURELS is a midsized detached house of 119m², built sometime between 1983 and 1990. It was last sold for £350,000 in December 2023, which was around 9% below the average December 2023 detached price in the Ribble Valley local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. Both of the two THE LAURELS sales were for below 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
2023 1 DEC	£350,000	£384,502	9% below HPI
1999 12 APR	£100,000	£112,154	11% below HPI

THE LAURELS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The two THE LAURELS sales from April 1999 and December 2023 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 1999 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2023 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is THE LAURELS?

THE LAURELS is 119m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 50% of detached houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses by size in Longridge, and where THE LAURELS lies on this distribution: 47% of detached houses are smaller than THE LAURELS, and 52% of houses are larger. Note that EPC data is not available for all properties in Longridge.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on CHAIGLEY ROAD in LONGRIDGE, in the PR3 postcode district. The below map shows the position of THE LAURELS on CHAIGLEY ROAD.