40, MERE BROW LANE, MERE BROW, PRESTON, PR4 6JP - £200,000

40 MERE BROW LANE is a very small extended detached house of 77m², built sometime between 1950 and 1966. It was last sold for £200,000 in January 2018, which was around 27% below the average January 2018 detached price in the West Lancashire local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was A.

40 MERE BROW LANE Sold Prices

Land registry data shows three sales for 40 MERE BROW LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. All of the three 40 MERE BROW LANE 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 26 JAN	£200,000	£274,684	27% below HPI
2007 20 JUL	£235,000	£257,716	9% below HPI
1997 21 FEB	£72,000	£86,299	17% below HPI

40 MERE BROW LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The three 40 MERE BROW LANE sales between February 1997 and January 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 July 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2018 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 40 MERE BROW LANE?

40 MERE BROW LANE is 77m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% of detached houses in Mere Brow, based on EPC data. The below chart shows the distribution of detached houses by size in Mere Brow, and where 40 MERE BROW LANE lies on this distribution: 4% of detached houses are smaller than 40 MERE BROW LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Mere Brow.

40 MERE BROW LANE: Plot and Title Map

40 MERE BROW LANE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 40 MERE BROW LANE, 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 MERE BROW LANE). 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 MERE BROW LANE?

40 MERE BROW LANE is located in MERE BROW, in the PR4 postcode district. The below map shows the position of No. 40 on MERE BROW LANE.