13, NEW LANE, PENWORTHAM, PRESTON, PR1 9JD - £123,000

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.

13 NEW LANE is a very small semi-detached house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £164,224. It was last sold for £123,000 in June 2019, which was around 21% below the average June 2019 semi-detached price in the South Ribble local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

13 NEW LANE Sold Prices

Land registry data shows three sales for 13 NEW LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the South Ribble local authority area for the corresponding sale date. All of the three 13 NEW LANE 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
2019 20 JUN	£123,000	£155,917	21% below HPI
2011 26 JUL	£121,000	£134,802	10% below HPI
2002 1 JUL	£74,000	£75,304	2% below HPI

13 NEW LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Ribble local authority area over time, sourced from the HPI. The three 13 NEW LANE sales between July 2002 and June 2019 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 July 2011 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2019 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 13 NEW LANE be worth now?

13 NEW LANE might now be worth an estimated £164,224.

This is based on house price inflation of 33.5%, between June 2019 and March 2025, for semi-detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.5% inflationary increase is applied to the most recent sale price for 13 NEW LANE of £123,000 on 20th June 2019. For the value to have increased from £123,000 to £164,224 over the six years and three months to March 2025, the following assumptions must hold true:

• The value of 13 NEW LANE has moved in line with the HPI for semi-detached houses in the South Ribble local authority area.
• The June 2019 sale price of £123,000 represented a fair market value for the property.
• The size, condition, and specification of 13 NEW LANE has not materially changed since June 2019.

How Large is 13 NEW LANE?

13 NEW LANE is 80m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 20% of semi-detached houses houses in Penwortham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Penwortham, and where 13 NEW LANE lies on this distribution: 15% of semi-detached houses houses are smaller than 13 NEW LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

13 NEW LANE: Plot and Title Map

13 NEW LANE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 13 NEW LANE, 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 13 NEW LANE). 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 13 NEW LANE?

13 NEW LANE is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 13 on NEW LANE.