40, CHERRY WOOD, PENWORTHAM, PRESTON, PR1 0PJ - £225,000

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.

40 CHERRY WOOD is a very small detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £296,583. It was last sold for £225,000 in July 2018, which was around 8% below the average July 2018 detached price in the South Ribble local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

40 CHERRY WOOD Sold Prices

Land registry data shows two sales for 40 CHERRY WOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 40 CHERRY WOOD sales 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
2018 5 JUL	£225,000	£245,708	8% below HPI
2009 20 NOV	£172,000	£210,492	18% below HPI

40 CHERRY WOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The two 40 CHERRY WOOD sales from November 2009 and July 2018 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 November 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2018 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 40 CHERRY WOOD be worth now?

40 CHERRY WOOD might now be worth an estimated £296,583.

This is based on house price inflation of 31.8%, between July 2018 and February 2025, for 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 31.8% inflationary increase is applied to the most recent sale price for 40 CHERRY WOOD of £225,000 on 5th July 2018. For the value to have increased from £225,000 to £296,583 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 40 CHERRY WOOD has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The July 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 40 CHERRY WOOD has not materially changed since July 2018.

How Large is 40 CHERRY WOOD?

40 CHERRY WOOD is 68m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 10% of detached houses houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penwortham, and where 40 CHERRY WOOD lies on this distribution: 6% of detached houses houses are smaller than 40 CHERRY WOOD, and 94% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

40 CHERRY WOOD: Plot and Title Map

40 CHERRY WOOD sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 40 CHERRY WOOD, 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 40 CHERRY WOOD). 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 40 CHERRY WOOD?

40 CHERRY WOOD is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 40 on CHERRY WOOD.