THE RYDAL, LEA ROAD, LEA TOWN, PRESTON, PR4 0RA - £418,000

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 RYDAL is a very large extended detached house of 219m², built sometime between 2003 and 2006, which could now be worth an estimated £550,168. It was last sold for £418,000 in July 2020, which was around 67% above the average July 2020 detached price in the Preston local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

THE RYDAL Sold Prices

Land registry data shows four sales for THE RYDAL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Preston local authority area for the corresponding sale date. All of the four THE RYDAL 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
2020 17 JUL	£418,000	£249,634	67% above HPI
2015 13 FEB	£378,000	£231,593	63% above HPI
2013 18 OCT	£385,000	£230,396	67% above HPI
2008 30 JUN	£380,000	£245,578	55% above HPI

THE RYDAL 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 four THE RYDAL sales between June 2008 and July 2020 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 February 2015 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the July 2020 sale, where it rises to 67% above the HPI. The line then continues to track at 67% above the HPI.

What might THE RYDAL be worth now?

THE RYDAL might now be worth an estimated £550,168.

This is based on house price inflation of 31.6%, between July 2020 and February 2025, for detached houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.6% inflationary increase is applied to the most recent sale price for THE RYDAL of £418,000 on 17th July 2020. For the value to have increased from £418,000 to £550,168 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of THE RYDAL has moved in line with the HPI for detached houses in the Preston local authority area.
• The July 2020 sale price of £418,000 represented a fair market value for the property.
• The size, condition, and specification of THE RYDAL has not materially changed since July 2020.

How Large is THE RYDAL?

THE RYDAL is 219m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the largest 10% of detached houses houses in Cottam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cottam, and where THE RYDAL lies on this distribution: 98% of detached houses houses are smaller than THE RYDAL, and 2% of houses are larger. Note that EPC data is not available for all properties in Cottam.

THE RYDAL: Plot and Title Map

THE RYDAL sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of THE RYDAL, 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 RYDAL). 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 RYDAL?

THE RYDAL is located on LEA ROAD in LEA TOWN, in the PR4 postcode district. The below map shows the position of THE RYDAL on LEA ROAD.