41, ARROWSMITH DRIVE, HOGHTON, PRESTON, PR5 0DT - £174,000

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.

41 ARROWSMITH DRIVE is a very small semi-detached house of 52m², built sometime between 1950 and 1966, which could now be worth an estimated £188,593. It was last sold for £174,000 in September 2022, which was around 11% below the average September 2022 semi-detached price in the South Ribble local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was B.

41 ARROWSMITH DRIVE Sold Prices

Land registry data shows two sales for 41 ARROWSMITH DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 41 ARROWSMITH DRIVE 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
2022 29 SEP	£174,000	£194,676	11% below HPI
2000 16 AUG	£50,500	£59,172	15% below HPI

41 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 two 41 ARROWSMITH DRIVE sales from August 2000 and September 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 August 2000 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 41 ARROWSMITH DRIVE be worth now?

41 ARROWSMITH DRIVE might now be worth an estimated £188,593.

This is based on house price inflation of 8.4%, between September 2022 and May 2026, 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 8.4% inflationary increase is applied to the most recent sale price for 41 ARROWSMITH DRIVE of £174,000 on 29th September 2022. For the value to have increased from £174,000 to £188,593 over the four years and four months to May 2026, the following assumptions must hold true:

• The value of 41 ARROWSMITH DRIVE has moved in line with the HPI for semi-detached houses in the South Ribble local authority area.
• The September 2022 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of 41 ARROWSMITH DRIVE has not materially changed since September 2022.

How Large is 41 ARROWSMITH DRIVE?

41 ARROWSMITH DRIVE is 52m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% 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 41 ARROWSMITH DRIVE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 41 ARROWSMITH DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Gregson Lane.

41 ARROWSMITH DRIVE: Plot and Title Map

41 ARROWSMITH DRIVE sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 41 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 41 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 41 ARROWSMITH DRIVE?

41 ARROWSMITH DRIVE is located in HOGHTON, in the PR5 postcode district. The below map shows the position of No. 41 on ARROWSMITH DRIVE.