5, LOWER LANE, FRECKLETON, PRESTON, PR4 1HH - £211,900

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.

5 LOWER LANE is a small extended terraced house of 92m², built sometime before 1900, which could now be worth an estimated £243,854. It was last sold for £211,900 in September 2021, which was around 28% above the average September 2021 terraced price in the Fylde local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

5 LOWER LANE Sold Prices

Land registry data shows two sales for 5 LOWER LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Fylde local authority area for the corresponding sale date. Both of the two 5 LOWER LANE sales were for above 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 29 SEP	£211,900	£165,262	28% above HPI
2003 17 APR	£105,000	£89,716	17% above HPI

5 LOWER LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Fylde local authority area over time, sourced from the HPI. The two 5 LOWER LANE sales from April 2003 and September 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 April 2003 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the September 2021 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 5 LOWER LANE be worth now?

5 LOWER LANE might now be worth an estimated £243,854.

This is based on house price inflation of 15.1%, between September 2021 and April 2026, for terraced houses, in the Fylde local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.1% inflationary increase is applied to the most recent sale price for 5 LOWER LANE of £211,900 on 29th September 2021. For the value to have increased from £211,900 to £243,854 over the five years and five months to April 2026, the following assumptions must hold true:

• The value of 5 LOWER LANE has moved in line with the HPI for terraced houses in the Fylde local authority area.
• The September 2021 sale price of £211,900 represented a fair market value for the property.
• The size, condition, and specification of 5 LOWER LANE has not materially changed since September 2021.

How Large is 5 LOWER LANE?

5 LOWER LANE is 92m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% of terraced houses houses in Freckleton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Freckleton, and where 5 LOWER LANE lies on this distribution: 25% of terraced houses houses are smaller than 5 LOWER LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Freckleton.

5 LOWER LANE: Plot and Title Map

5 LOWER LANE sits on a plot of roughly 0.045 of an acre, or 181m². The below map shows the location of 5 LOWER 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 5 LOWER 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 5 LOWER LANE?

5 LOWER LANE is located in FRECKLETON, in the PR4 postcode district. The below map shows the position of No. 5 on LOWER LANE.