44, NEW LANE, PENWORTHAM, PRESTON, PR1 9JJ - £246,000

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.

44 NEW LANE is a small extended detached house of 91m², built sometime between 1930 and 1949, which could now be worth an estimated £301,211. It was last sold for £246,000 in April 2021, which was around 5% below the average April 2021 detached price in the South Ribble local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was C.

44 NEW LANE Sold Prices

Land registry data shows two sales for 44 NEW LANE 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 44 NEW 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
2021 19 APR	£246,000	£259,320	5% below HPI
2012 24 AUG	£152,500	£203,851	25% below HPI

44 NEW LANE 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 44 NEW LANE sales from August 2012 and April 2021 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 2012 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the April 2021 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 44 NEW LANE be worth now?

44 NEW LANE might now be worth an estimated £301,211.

This is based on house price inflation of 22.4%, between April 2021 and June 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 22.4% inflationary increase is applied to the most recent sale price for 44 NEW LANE of £246,000 on 19th April 2021. For the value to have increased from £246,000 to £301,211 over the three years and ten months to June 2025, the following assumptions must hold true:

• The value of 44 NEW LANE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The April 2021 sale price of £246,000 represented a fair market value for the property.
• The size, condition, and specification of 44 NEW LANE has not materially changed since April 2021.

How Large is 44 NEW LANE?

44 NEW LANE is 91m², which includes one extension, according to the EPC inspection conducted in December 2014. This puts it in the smallest 30% 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 44 NEW LANE lies on this distribution: 28% of detached houses houses are smaller than 44 NEW LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

44 NEW LANE: Plot and Title Map

44 NEW LANE sits on a plot of roughly 0.143 of an acre, or 578m². The below map shows the location of 44 NEW 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 44 NEW 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 44 NEW LANE?

44 NEW LANE is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 44 on NEW LANE.