3, MILL CLOSE, INSKIP, PRESTON, PR4 0TW - £165,000

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.

3 MILL CLOSE is a very small semi-detached house of 71m², built sometime between 1983 and 1990, which could now be worth an estimated £229,497. It was last sold for £165,000 in October 2015, which was around 23% above the average October 2015 semi-detached price in the Wyre local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

3 MILL CLOSE Sold Prices

Land registry data shows three sales for 3 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Wyre local authority area for the corresponding sale date. All of the three 3 MILL CLOSE 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
2015 16 OCT	£165,000	£133,715	23% above HPI
2001 15 AUG	£72,500	£64,365	13% above HPI
1997 29 SEP	£55,000	£52,371	5% above HPI

3 MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Wyre local authority area over time, sourced from the HPI. The three 3 MILL CLOSE sales between September 1997 and October 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 2001 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the October 2015 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 3 MILL CLOSE be worth now?

3 MILL CLOSE might now be worth an estimated £229,497.

This is based on house price inflation of 39.1%, between October 2015 and February 2025, for semi-detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.1% inflationary increase is applied to the most recent sale price for 3 MILL CLOSE of £165,000 on 16th October 2015. For the value to have increased from £165,000 to £229,497 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 MILL CLOSE has moved in line with the HPI for semi-detached houses in the Wyre local authority area.
• The October 2015 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL CLOSE has not materially changed since October 2015.

How Large is 3 MILL CLOSE?

3 MILL CLOSE is 71m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% of semi-detached houses houses in Inskip, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Inskip, and where 3 MILL CLOSE lies on this distribution: 7% of semi-detached houses houses are smaller than 3 MILL CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Inskip.

3 MILL CLOSE: Plot and Title Map

3 MILL CLOSE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 3 MILL CLOSE, 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 3 MILL CLOSE). 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 3 MILL CLOSE?

3 MILL CLOSE is located in INSKIP, in the PR4 postcode district. The below map shows the position of No. 3 on MILL CLOSE.