48, NEW LANE, PENWORTHAM, PRESTON, PR1 9JJ - £145,000

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.

48 NEW LANE is a small semi-detached house of 87m², built sometime between 1950 and 1966, which could now be worth an estimated £214,863. It was last sold for £145,000 in October 2011, which was around 7% above the average October 2011 semi-detached price in the South Ribble local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

48 NEW LANE Sold Prices

Land registry data shows two sales for 48 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 48 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
2011 7 OCT	£145,000	£135,809	7% above HPI
1996 29 FEB	£42,000	£47,792	12% below HPI

48 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 48 NEW LANE sales from February 1996 and October 2011 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 1996 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2011 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 48 NEW LANE be worth now?

48 NEW LANE might now be worth an estimated £214,863.

This is based on house price inflation of 48.2%, between October 2011 and June 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 48.2% inflationary increase is applied to the most recent sale price for 48 NEW LANE of £145,000 on 7th October 2011. For the value to have increased from £145,000 to £214,863 over the fourteen years and four months to June 2025, the following assumptions must hold true:

• The value of 48 NEW LANE has moved in line with the HPI for semi-detached houses in the South Ribble local authority area.
• The October 2011 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 48 NEW LANE has not materially changed since October 2011.

How Large is 48 NEW LANE?

48 NEW LANE is 87m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 30% 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 48 NEW LANE lies on this distribution: 23% of semi-detached houses houses are smaller than 48 NEW LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

48 NEW LANE: Plot and Title Map

48 NEW LANE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 48 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 48 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 48 NEW LANE?

48 NEW LANE is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 48 on NEW LANE.