25, MERLECREST DRIVE, TARLETON, PRESTON, PR4 6BD - £167,000

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.

25 MERLECREST DRIVE is a very small extended terraced house of 67m², built sometime between 2003 and 2006, which could now be worth an estimated £239,220. It was last sold for £167,000 in February 2019, which was around 32% above the average February 2019 terraced price in the West Lancashire local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

25 MERLECREST DRIVE Sold Prices

Land registry data shows five sales for 25 MERLECREST DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the West Lancashire local authority area for the corresponding sale date. All of the five 25 MERLECREST DRIVE sales 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
2019 8 FEB	£167,000	£126,758	32% above HPI
2014 6 JUN	£140,000	£109,566	28% above HPI
2014 31 MAR	£138,000	£106,681	29% above HPI
2006 31 JUL	£156,000	£108,283	44% above HPI
2001 9 OCT	£89,950	£47,377	90% above HPI

25 MERLECREST DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Lancashire local authority area over time, sourced from the HPI. The five 25 MERLECREST DRIVE sales between October 2001 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 June 2014 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the February 2019 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 25 MERLECREST DRIVE be worth now?

25 MERLECREST DRIVE might now be worth an estimated £239,220.

This is based on house price inflation of 43.2%, between February 2019 and April 2026, for terraced houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43.2% inflationary increase is applied to the most recent sale price for 25 MERLECREST DRIVE of £167,000 on 8th February 2019. For the value to have increased from £167,000 to £239,220 over the six years and ten months to April 2026, the following assumptions must hold true:

• The value of 25 MERLECREST DRIVE has moved in line with the HPI for terraced houses in the West Lancashire local authority area.
• The February 2019 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of 25 MERLECREST DRIVE has not materially changed since February 2019.

How Large is 25 MERLECREST DRIVE?

25 MERLECREST DRIVE is 67m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% of terraced houses houses in Tarleton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Tarleton, and where 25 MERLECREST DRIVE lies on this distribution: 1% of terraced houses houses are smaller than 25 MERLECREST DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Tarleton.

25 MERLECREST DRIVE: Plot and Title Map

25 MERLECREST DRIVE sits on a plot of roughly 1.0 acres, or 4,060m². The below map shows the location of 25 MERLECREST 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 25 MERLECREST 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 25 MERLECREST DRIVE?

25 MERLECREST DRIVE is located in TARLETON, in the PR4 postcode district. The below map shows the position of No. 25 on MERLECREST DRIVE.