16, SPA ROAD, PRESTON, PR1 8SL - £66,000

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.

16 SPA ROAD is a midsized extended terraced house of 100m², built sometime between 1900 and 1929, which could now be worth an estimated £94,670. It was last sold for £66,000 in February 2019, which was around 34% below the average February 2019 terraced price in the Preston local authority area. The most recent EPC inspection was December 2020, where the current energy rating was C, and the potential energy rating was B.

16 SPA ROAD Sold Prices

Land registry data shows two sales for 16 SPA ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Preston local authority area for the corresponding sale date. Both of the two 16 SPA ROAD 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 1 FEB	£66,000	£99,620	34% below HPI
1995 27 APR	£22,000	£34,754	37% below HPI

16 SPA ROAD 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 two 16 SPA ROAD sales from April 1995 and February 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 April 1995 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2019 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 16 SPA ROAD be worth now?

16 SPA ROAD might now be worth an estimated £94,670.

This is based on house price inflation of 43.4%, between February 2019 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 43.4% inflationary increase is applied to the most recent sale price for 16 SPA ROAD of £66,000 on 1st February 2019. For the value to have increased from £66,000 to £94,670 over the six years and nine months to May 2026, the following assumptions must hold true:

• The value of 16 SPA ROAD has moved in line with the HPI for terraced houses in the Preston local authority area.
• The February 2019 sale price of £66,000 represented a fair market value for the property.
• The size, condition, and specification of 16 SPA ROAD has not materially changed since February 2019.

How Large is 16 SPA ROAD?

16 SPA ROAD is 100m², which includes one extension, according to the EPC inspection conducted in December 2020. This puts it in the smallest 50% 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 16 SPA ROAD lies on this distribution: 43% of terraced houses houses are smaller than 16 SPA ROAD, and 57% of houses are larger. Note that EPC data is not available for all properties in Preston.

16 SPA ROAD: Plot and Title Map

16 SPA ROAD sits on a plot of roughly 0.018 of an acre, or 74m². The below map shows the location of 16 SPA ROAD, 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 SPA ROAD). 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 SPA ROAD?

16 SPA ROAD is located in PRESTON, in the PR1 postcode district. The below map shows the position of No. 16 on SPA ROAD.