45, NEW LANE, PENWORTHAM, PRESTON, PR1 9JH - £166,350

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.

45 NEW LANE is a very small semi-detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £221,581. It was last sold for £166,350 in May 2020, which was around 6% above the average May 2020 semi-detached price in the South Ribble local authority area. The most recent EPC inspection was January 2014, where the current energy rating was E, and the potential energy rating was C.

45 NEW LANE Sold Prices

Land registry data shows two sales for 45 NEW LANE 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. One of the two 45 NEW LANE sales was for above the average price, whilst the other was 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
2020 29 MAY	£166,350	£156,284	6% above HPI
2013 4 FEB	£84,000	£130,127	35% below HPI

45 NEW LANE 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 45 NEW LANE sales from February 2013 and May 2020 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 February 2013 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2020 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 45 NEW LANE be worth now?

45 NEW LANE might now be worth an estimated £221,581.

This is based on house price inflation of 33.2%, between May 2020 and March 2025, 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 33.2% inflationary increase is applied to the most recent sale price for 45 NEW LANE of £166,350 on 29th May 2020. For the value to have increased from £166,350 to £221,581 over the five years and two months to March 2025, the following assumptions must hold true:

• The value of 45 NEW LANE has moved in line with the HPI for semi-detached houses in the South Ribble local authority area.
• The May 2020 sale price of £166,350 represented a fair market value for the property.
• The size, condition, and specification of 45 NEW LANE has not materially changed since May 2020.

How Large is 45 NEW LANE?

45 NEW LANE is 83m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 20% of semi-detached houses houses in Penwortham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Penwortham, and where 45 NEW LANE lies on this distribution: 18% of semi-detached houses houses are smaller than 45 NEW LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

45 NEW LANE: Plot and Title Map

45 NEW LANE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 45 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 45 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 45 NEW LANE?

45 NEW LANE is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 45 on NEW LANE.