THE ORCHARD, BROOK AVENUE, SCORTON, PRESTON, PR3 1AR - £292,000

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 ORCHARD is a very small detached house of 100m², built sometime between 1950 and 1966, which could now be worth an estimated £335,318. It was last sold for £292,000 in September 2021, which was around 8% above the average September 2021 detached price in the Wyre local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

THE ORCHARD Sold Prices

Land registry data shows two sales for THE ORCHARD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. Both of the two THE ORCHARD 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 29 SEP	£292,000	£270,004	8% above HPI
2016 30 NOV	£255,000	£226,923	12% above HPI

THE ORCHARD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The two THE ORCHARD sales from November 2016 and September 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 November 2016 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the September 2021 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might THE ORCHARD be worth now?

THE ORCHARD might now be worth an estimated £335,318.

This is based on house price inflation of 14.8%, between September 2021 and February 2025, for detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.8% inflationary increase is applied to the most recent sale price for THE ORCHARD of £292,000 on 29th September 2021. For the value to have increased from £292,000 to £335,318 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of THE ORCHARD has moved in line with the HPI for detached houses in the Wyre local authority area.
• The September 2021 sale price of £292,000 represented a fair market value for the property.
• The size, condition, and specification of THE ORCHARD has not materially changed since September 2021.

How Large is THE ORCHARD?

THE ORCHARD is 100m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 10% of detached houses houses in Scorton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Scorton, and where THE ORCHARD lies on this distribution: 9% of detached houses houses are smaller than THE ORCHARD, and 91% of houses are larger. Note that EPC data is not available for all properties in Scorton.

THE ORCHARD: Plot and Title Map

THE ORCHARD sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of THE ORCHARD, 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 ORCHARD). 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 ORCHARD?

THE ORCHARD is located on BROOK AVENUE in SCORTON, in the PR3 postcode district. The below map shows the position of THE ORCHARD on BROOK AVENUE.