40, TOWNLEA CLOSE, PENWORTHAM, PRESTON, PR1 0NY - £162,000

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 TOWNLEA CLOSE is a very small extended detached house of 72m², built sometime between 1996 and 2002, which could now be worth an estimated £244,666. It was last sold for £162,000 in October 2013, which was around 24% below the average October 2013 detached price in the South Ribble local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

40 TOWNLEA CLOSE Sold Prices

Land registry data shows three sales for 40 TOWNLEA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. All of the three 40 TOWNLEA CLOSE 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
2013 31 OCT	£162,000	£214,449	24% below HPI
2007 7 SEP	£157,000	£233,901	33% below HPI
2001 30 MAR	£71,250	£100,940	29% below HPI

40 TOWNLEA CLOSE 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 three 40 TOWNLEA CLOSE sales between March 2001 and October 2013 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 September 2007 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2013 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 40 TOWNLEA CLOSE be worth now?

40 TOWNLEA CLOSE might now be worth an estimated £244,666.

This is based on house price inflation of 51%, between October 2013 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 51% inflationary increase is applied to the most recent sale price for 40 TOWNLEA CLOSE of £162,000 on 31st October 2013. For the value to have increased from £162,000 to £244,666 over the twelve years and eight months to February 2025, the following assumptions must hold true:

• The value of 40 TOWNLEA CLOSE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The October 2013 sale price of £162,000 represented a fair market value for the property.
• The size, condition, and specification of 40 TOWNLEA CLOSE has not materially changed since October 2013.

How Large is 40 TOWNLEA CLOSE?

40 TOWNLEA CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in April 2013. 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 TOWNLEA CLOSE lies on this distribution: 9% of detached houses houses are smaller than 40 TOWNLEA CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

40 TOWNLEA CLOSE: Plot and Title Map

40 TOWNLEA CLOSE sits on a plot of roughly 6.9 acres, or 28,009m². The below map shows the location of 40 TOWNLEA 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 40 TOWNLEA 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 40 TOWNLEA CLOSE?

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