140, RIPON STREET, PRESTON, PR1 7LU - £85,000

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.

140 RIPON STREET is a very small terraced house of 61m², built sometime between 1900 and 1929, which could now be worth an estimated £119,708. It was last sold for £85,000 in February 2018, which was around 16% below the average February 2018 terraced price in the Preston local authority area. The most recent EPC inspection was March 2021, where the current energy rating was E, and the potential energy rating was B.

140 RIPON STREET Sold Prices

Land registry data shows three sales for 140 RIPON STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Preston local authority area for the corresponding sale date. The three 140 RIPON STREET sales were a mix of below the average price, and roughly equal to 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
2018 5 FEB	£85,000	£101,464	16% below HPI
2013 1 FEB	£85,000	£90,669	6% below HPI
2005 27 OCT	£95,000	£95,230	Close to HPI

140 RIPON STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Preston local authority area over time, sourced from the HPI. The three 140 RIPON STREET sales between October 2005 and February 2018 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 2013 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2018 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 140 RIPON STREET be worth now?

140 RIPON STREET might now be worth an estimated £119,708.

This is based on house price inflation of 40.8%, between February 2018 and May 2026, for terraced 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 40.8% inflationary increase is applied to the most recent sale price for 140 RIPON STREET of £85,000 on 5th February 2018. For the value to have increased from £85,000 to £119,708 over the seven years and nine months to May 2026, the following assumptions must hold true:

• The value of 140 RIPON STREET has moved in line with the HPI for terraced houses in the Preston local authority area.
• The February 2018 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of 140 RIPON STREET has not materially changed since February 2018.

How Large is 140 RIPON STREET?

140 RIPON STREET is 61m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% of terraced houses houses in Preston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Preston, and where 140 RIPON STREET lies on this distribution: 4% of terraced houses houses are smaller than 140 RIPON STREET, and 96% of houses are larger. Note that EPC data is not available for all properties in Preston.

140 RIPON STREET: Plot and Title Map

140 RIPON STREET sits on a plot of roughly 1.6 acres, or 6,477m². The below map shows the location of 140 RIPON STREET, 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 140 RIPON STREET). 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 140 RIPON STREET?

140 RIPON STREET is located in PRESTON, in the PR1 postcode district. The below map shows the position of No. 140 on RIPON STREET.