14, THE HILLS, GRIMSARGH, PRESTON, PR2 5BF - £230,000

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.

14 THE HILLS is a very small detached house of 76m², built sometime between 1996 and 2002, which could now be worth an estimated £258,148. It was last sold for £230,000 in August 2022, which was around 23% below the average August 2022 detached price in the Preston local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

14 THE HILLS Sold Prices

Land registry data shows four sales for 14 THE HILLS 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 14 THE HILLS 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
2022 19 AUG	£230,000	£298,184	23% below HPI
2016 30 AUG	£185,000	£240,849	23% below HPI
2013 25 JUL	£174,500	£223,665	22% below HPI
1998 17 JUL	£73,950	£91,060	19% below HPI

14 THE HILLS 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 14 THE HILLS sales between July 1998 and August 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 August 2016 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2022 sale, which was also at 23% below the HPI.

What might 14 THE HILLS be worth now?

14 THE HILLS might now be worth an estimated £258,148.

This is based on house price inflation of 12.2%, between August 2022 and August 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 12.2% inflationary increase is applied to the most recent sale price for 14 THE HILLS of £230,000 on 19th August 2022. For the value to have increased from £230,000 to £258,148 over the three years to August 2025, the following assumptions must hold true:

• The value of 14 THE HILLS has moved in line with the HPI for detached houses in the Preston local authority area.
• The August 2022 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 14 THE HILLS has not materially changed since August 2022.

How Large is 14 THE HILLS?

14 THE HILLS is 76m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 20% of detached houses houses in Preston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Preston, and where 14 THE HILLS lies on this distribution: 14% of detached houses houses are smaller than 14 THE HILLS, and 85% of houses are larger. Note that EPC data is not available for all properties in Preston.

14 THE HILLS: Plot and Title Map

14 THE HILLS sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 14 THE HILLS, 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 14 THE HILLS). 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 14 THE HILLS?

14 THE HILLS is located in GRIMSARGH, in the PR2 postcode district. The below map shows the position of No. 14 on THE HILLS.