6, CEDAR WAY, PENWORTHAM, PRESTON, PR1 0PE - £179,000

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.

6 CEDAR WAY is a very small detached house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £266,657. It was last sold for £179,000 in April 2015, which was around 18% below the average April 2015 detached price in the South Ribble local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

6 CEDAR WAY Sold Prices

Land registry data shows three sales for 6 CEDAR WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. All of the three 6 CEDAR WAY 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
2015 10 APR	£179,000	£217,412	18% below HPI
2010 5 FEB	£162,000	£214,314	24% below HPI
1996 18 DEC	£59,000	£79,583	26% below HPI

6 CEDAR WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The three 6 CEDAR WAY sales between December 1996 and April 2015 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 2010 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2015 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 6 CEDAR WAY be worth now?

6 CEDAR WAY might now be worth an estimated £266,657.

This is based on house price inflation of 49%, between April 2015 and February 2025, for 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 49% inflationary increase is applied to the most recent sale price for 6 CEDAR WAY of £179,000 on 10th April 2015. For the value to have increased from £179,000 to £266,657 over the ten years and two months to February 2025, the following assumptions must hold true:

• The value of 6 CEDAR WAY has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The April 2015 sale price of £179,000 represented a fair market value for the property.
• The size, condition, and specification of 6 CEDAR WAY has not materially changed since April 2015.

How Large is 6 CEDAR WAY?

6 CEDAR WAY is 69m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penwortham, and where 6 CEDAR WAY lies on this distribution: 7% of detached houses houses are smaller than 6 CEDAR WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

6 CEDAR WAY: Plot and Title Map

6 CEDAR WAY sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 6 CEDAR WAY, 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 6 CEDAR WAY). 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 6 CEDAR WAY?

6 CEDAR WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 6 on CEDAR WAY.