16, CEDAR WAY, PENWORTHAM, PRESTON, PR1 0PE - £208,500

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.

16 CEDAR WAY is a small extended detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £275,549. It was last sold for £208,500 in April 2019, which was around 15% below the average April 2019 detached price in the South Ribble local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was C.

16 CEDAR WAY Sold Prices

Land registry data shows four sales for 16 CEDAR WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Most of the four 16 CEDAR WAY 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 25 APR	£208,500	£245,070	15% below HPI
2015 29 JUN	£195,000	£217,641	10% below HPI
2014 15 JUL	£200,000	£214,709	7% below HPI
2005 24 JUN	£215,000	£211,512	2% above HPI

16 CEDAR WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The four 16 CEDAR WAY sales between June 2005 and April 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 June 2015 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the April 2019 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 16 CEDAR WAY be worth now?

16 CEDAR WAY might now be worth an estimated £275,549.

This is based on house price inflation of 32.2%, between April 2019 and February 2025, for 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 32.2% inflationary increase is applied to the most recent sale price for 16 CEDAR WAY of £208,500 on 25th April 2019. For the value to have increased from £208,500 to £275,549 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of 16 CEDAR WAY has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The April 2019 sale price of £208,500 represented a fair market value for the property.
• The size, condition, and specification of 16 CEDAR WAY has not materially changed since April 2019.

How Large is 16 CEDAR WAY?

16 CEDAR WAY is 91m², which includes two extensions, according to the EPC inspection conducted in August 2013. This puts it in the smallest 30% of detached houses houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penwortham, and where 16 CEDAR WAY lies on this distribution: 28% of detached houses houses are smaller than 16 CEDAR WAY, and 71% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

16 CEDAR WAY: Plot and Title Map

16 CEDAR WAY sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 16 CEDAR WAY, 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 16 CEDAR WAY). 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 16 CEDAR WAY?

16 CEDAR WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 16 on CEDAR WAY.