5, WEST MEADOW, LEA, PRESTON, PR2 1YX - £158,500

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 WEST MEADOW is a very small detached house of 75m², built sometime between 1991 and 1995, which could now be worth an estimated £235,963. It was last sold for £158,500 in June 2014, which was around 29% below the average June 2014 detached price in the Preston local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

5 WEST MEADOW Sold Prices

Land registry data shows four sales for 5 WEST MEADOW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Preston local authority area for the corresponding sale date. All of the four 5 WEST MEADOW 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
2014 25 JUN	£158,500	£223,400	29% below HPI
2010 29 OCT	£168,000	£226,966	26% below HPI
2006 26 APR	£68,293	£226,321	70% below HPI
2000 26 OCT	£64,500	£103,410	38% below HPI

5 WEST MEADOW Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The four 5 WEST MEADOW sales between October 2000 and June 2014 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 2010 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2014 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 5 WEST MEADOW be worth now?

5 WEST MEADOW might now be worth an estimated £235,963.

This is based on house price inflation of 48.9%, between June 2014 and May 2026, for detached houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.9% inflationary increase is applied to the most recent sale price for 5 WEST MEADOW of £158,500 on 25th June 2014. For the value to have increased from £158,500 to £235,963 over the twelve years and one month to May 2026, the following assumptions must hold true:

• The value of 5 WEST MEADOW has moved in line with the HPI for detached houses in the Preston local authority area.
• The June 2014 sale price of £158,500 represented a fair market value for the property.
• The size, condition, and specification of 5 WEST MEADOW has not materially changed since June 2014.

How Large is 5 WEST MEADOW?

5 WEST MEADOW is 75m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% of detached houses houses in Preston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Preston, and where 5 WEST MEADOW lies on this distribution: 13% of detached houses houses are smaller than 5 WEST MEADOW, and 86% of houses are larger. Note that EPC data is not available for all properties in Preston.

5 WEST MEADOW: Plot and Title Map

5 WEST MEADOW sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 5 WEST MEADOW, 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 WEST MEADOW). 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 WEST MEADOW?

5 WEST MEADOW is located in LEA, in the PR2 postcode district. The below map shows the position of No. 5 on WEST MEADOW.