5, SPRINGS ROAD, LONGRIDGE, PRESTON, PR3 3TE - £258,000

5 SPRINGS ROAD is a small extended detached house of 114m², built sometime between 1967 and 1975. It was last sold for £258,000 in March 2020, which was around 24% below the average March 2020 detached price in the Ribble Valley local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

5 SPRINGS ROAD Sold Prices

Land registry data shows three sales for 5 SPRINGS ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. All of the three 5 SPRINGS ROAD 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
2020 27 MAR	£258,000	£338,071	24% below HPI
2005 24 OCT	£180,000	£277,311	35% below HPI
2000 16 OCT	£92,500	£129,235	28% below HPI

5 SPRINGS ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The three 5 SPRINGS ROAD sales between October 2000 and March 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 October 2005 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the March 2020 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 5 SPRINGS ROAD?

5 SPRINGS ROAD is 114m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the smallest 40% of detached houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses by size in Longridge, and where 5 SPRINGS ROAD lies on this distribution: 40% of detached houses are smaller than 5 SPRINGS ROAD, and 59% of houses are larger. Note that EPC data is not available for all properties in Longridge.

5 SPRINGS ROAD: Plot and Title Map

5 SPRINGS ROAD sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 5 SPRINGS ROAD, 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 SPRINGS ROAD). 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 SPRINGS ROAD?

5 SPRINGS ROAD is located in LONGRIDGE, in the PR3 postcode district. The below map shows the position of No. 5 on SPRINGS ROAD.