2, THE GRAVEL, MERE BROW, PRESTON, PR4 6JX - £295,000

2 THE GRAVEL is a midsized extended detached house of 136m², built sometime between 1950 and 1966. It was last sold for £295,000 in September 2015, which was around 18% above the average September 2015 detached price in the West Lancashire local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

2 THE GRAVEL Sold Prices

Land registry data shows three sales for 2 THE GRAVEL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. Two of the three 2 THE GRAVEL sales were for above the average price, whilst one was 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
2015 25 SEP	£295,000	£250,661	18% above HPI
2006 30 AUG	£239,000	£241,109	1% below HPI
2004 17 DEC	£229,000	£215,665	6% above HPI

2 THE GRAVEL Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The three 2 THE GRAVEL sales between December 2004 and September 2015 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 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2015 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 2 THE GRAVEL?

2 THE GRAVEL is 136m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 50% of detached houses in Mere Brow, based on EPC data. The below chart shows the distribution of detached houses by size in Mere Brow, and where 2 THE GRAVEL lies on this distribution: 47% of detached houses are smaller than 2 THE GRAVEL, and 53% of houses are larger. Note that EPC data is not available for all properties in Mere Brow.

2 THE GRAVEL: Plot and Title Map

2 THE GRAVEL sits on a plot of roughly 0.223 of an acre, or 902m². The below map shows the location of 2 THE GRAVEL, 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 THE GRAVEL). 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 THE GRAVEL?

2 THE GRAVEL is located in MERE BROW, in the PR4 postcode district. The below map shows the position of No. 2 on THE GRAVEL.