4, ARROWSMITH DRIVE, HOGHTON, PRESTON, PR5 0DT - £195,000

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.

4 ARROWSMITH DRIVE is a small semi-detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £207,304. It was last sold for £195,000 in August 2022, which was around 1% above the average August 2022 semi-detached price in the South Ribble local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was B.

4 ARROWSMITH DRIVE Sold Prices

Land registry data shows three sales for 4 ARROWSMITH DRIVE 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 South Ribble local authority area for the corresponding sale date. One of the three 4 ARROWSMITH DRIVE sales was for above the average price, whilst two 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
2022 19 AUG	£195,000	£192,888	1% above HPI
2014 10 OCT	£130,000	£138,565	6% below HPI
2014 27 FEB	£90,000	£136,348	34% below HPI

4 ARROWSMITH DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Ribble local authority area over time, sourced from the HPI. The three 4 ARROWSMITH DRIVE sales between February 2014 and August 2022 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 2014 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2022 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 4 ARROWSMITH DRIVE be worth now?

4 ARROWSMITH DRIVE might now be worth an estimated £207,304.

This is based on house price inflation of 6.3%, between August 2022 and February 2025, for semi-detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.3% inflationary increase is applied to the most recent sale price for 4 ARROWSMITH DRIVE of £195,000 on 19th August 2022. For the value to have increased from £195,000 to £207,304 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 4 ARROWSMITH DRIVE has moved in line with the HPI for semi-detached houses in the South Ribble local authority area.
• The August 2022 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ARROWSMITH DRIVE has not materially changed since August 2022.

How Large is 4 ARROWSMITH DRIVE?

4 ARROWSMITH DRIVE is 83m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 30% of semi-detached houses houses in Gregson Lane, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gregson Lane, and where 4 ARROWSMITH DRIVE lies on this distribution: 21% of semi-detached houses houses are smaller than 4 ARROWSMITH DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Gregson Lane.

4 ARROWSMITH DRIVE: Plot and Title Map

4 ARROWSMITH DRIVE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 4 ARROWSMITH 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 4 ARROWSMITH 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 4 ARROWSMITH DRIVE?

4 ARROWSMITH DRIVE is located in HOGHTON, in the PR5 postcode district. The below map shows the position of No. 4 on ARROWSMITH DRIVE.