2, THE WEALD, COTTAM, PRESTON, PR4 0NU - £220,000

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.

2 THE WEALD is a small detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £300,486. It was last sold for £220,000 in October 2009, which was around 3% below the average October 2009 detached price in the Preston local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was C.

2 THE WEALD Sold Prices

Land registry data shows three sales for 2 THE WEALD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Preston local authority area for the corresponding sale date. One of the three 2 THE WEALD sales was for below the average price, whilst two were for above 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 16 OCT	£220,000	£227,273	3% below HPI
2004 2 JUL	£218,000	£194,889	12% above HPI
2001 6 APR	£116,500	£105,513	10% above HPI

2 THE WEALD 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 three 2 THE WEALD sales between April 2001 and October 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 July 2004 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the October 2009 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 2 THE WEALD be worth now?

2 THE WEALD might now be worth an estimated £300,486.

This is based on house price inflation of 36.6%, between October 2009 and June 2025, for detached 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 36.6% inflationary increase is applied to the most recent sale price for 2 THE WEALD of £220,000 on 16th October 2009. For the value to have increased from £220,000 to £300,486 over the sixteen years and four months to June 2025, the following assumptions must hold true:

• The value of 2 THE WEALD has moved in line with the HPI for detached houses in the Preston local authority area.
• The October 2009 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE WEALD has not materially changed since October 2009.

How Large is 2 THE WEALD?

2 THE WEALD is 97m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 30% of detached houses houses in Cottam, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cottam, and where 2 THE WEALD lies on this distribution: 23% of detached houses houses are smaller than 2 THE WEALD, and 77% of houses are larger. Note that EPC data is not available for all properties in Cottam.

2 THE WEALD: Plot and Title Map

2 THE WEALD sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 2 THE WEALD, 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 WEALD). 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 WEALD?

2 THE WEALD is located in COTTAM, in the PR4 postcode district. The below map shows the position of No. 2 on THE WEALD.