4, THE STRAITS, HOGHTON, PRESTON, PR5 0JB - £308,000

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 THE STRAITS is a midsized extended terraced house of 178m², built sometime before 1900, which could now be worth an estimated £398,291. It was last sold for £308,000 in August 2020, which was around 145% above the average August 2020 terraced price in the Chorley local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

4 THE STRAITS Sold Prices

Land registry data shows two sales for 4 THE STRAITS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Chorley local authority area for the corresponding sale date. Both of the two 4 THE STRAITS 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
2020 12 AUG	£308,000	£125,866	145% above HPI
2016 29 JUL	£275,500	£114,506	141% above HPI

4 THE STRAITS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Chorley local authority area over time, sourced from the HPI. The two 4 THE STRAITS sales from July 2016 and August 2020 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 2016 sale was for 141% above the HPI. So the extrapolation line tracks at 141% above the HPI over time, until the August 2020 sale, where it rises to 145% above the HPI. The line then continues to track at 145% above the HPI.

What might 4 THE STRAITS be worth now?

4 THE STRAITS might now be worth an estimated £398,291.

This is based on house price inflation of 29.3%, between August 2020 and June 2025, for terraced houses, in the Chorley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.3% inflationary increase is applied to the most recent sale price for 4 THE STRAITS of £308,000 on 12th August 2020. For the value to have increased from £308,000 to £398,291 over the five years and two months to June 2025, the following assumptions must hold true:

• The value of 4 THE STRAITS has moved in line with the HPI for terraced houses in the Chorley local authority area.
• The August 2020 sale price of £308,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE STRAITS has not materially changed since August 2020.

How Large is 4 THE STRAITS?

4 THE STRAITS is 178m², which includes two extensions, according to the EPC inspection conducted in July 2015. This puts it in the largest 50% of terraced houses houses in Hoghton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Hoghton, and where 4 THE STRAITS lies on this distribution: 57% of terraced houses houses are smaller than 4 THE STRAITS, and 42% of houses are larger. Note that EPC data is not available for all properties in Hoghton.

4 THE STRAITS: Plot and Title Map

4 THE STRAITS sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 4 THE STRAITS, 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 THE STRAITS). 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 THE STRAITS?

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