2, PARK DRIVE, LEA, PRESTON, PR2 1RN - £153,000

2 PARK DRIVE is a small extended detached house of 93m², built sometime between 1930 and 1949. It was last sold for £153,000 in May 2009, which was around 25% below the average May 2009 detached price in the Preston local authority area. The most recent EPC inspection was January 2009, where the current energy rating was D, and the potential energy rating was D.

2 PARK DRIVE Sold Prices

Land registry data shows two sales for 2 PARK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Preston local authority area for the corresponding sale date. Both of the two 2 PARK DRIVE 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
2009 15 MAY	£153,000	£204,584	25% below HPI
1998 15 OCT	£48,000	£88,639	46% below HPI

2 PARK DRIVE 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 two 2 PARK DRIVE sales from October 1998 and May 2009 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 October 1998 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the May 2009 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 PARK DRIVE?

2 PARK DRIVE is 93m², which includes one extension, according to the EPC inspection conducted in January 2009. This puts it in the smallest 40% of detached houses in Preston, based on EPC data. The below chart shows the distribution of detached houses by size in Preston, and where 2 PARK DRIVE lies on this distribution: 37% of detached houses are smaller than 2 PARK DRIVE, and 63% of houses are larger. Note that EPC data is not available for all properties in Preston.

2 PARK DRIVE: Plot and Title Map

2 PARK DRIVE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 2 PARK DRIVE, 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 2 PARK DRIVE). 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 2 PARK DRIVE?

2 PARK DRIVE is located in LEA, in the PR2 postcode district. The below map shows the position of No. 2 on PARK DRIVE.