7, CEDAR WAY, PENWORTHAM, PRESTON, PR1 0PE - £195,000

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.

7 CEDAR WAY is a very small detached house of 68m², built sometime between 1976 and 1982, which could now be worth an estimated £251,020. It was last sold for £195,000 in December 2018, which was around 22% below the average December 2018 detached price in the South Ribble local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

7 CEDAR WAY Sold Prices

Land registry data shows three sales for 7 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 7 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
2018 19 DEC	£195,000	£251,599	22% below HPI
2014 14 NOV	£166,700	£218,074	24% below HPI
2009 21 DEC	£148,950	£209,736	29% below HPI

7 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 7 CEDAR WAY sales between December 2009 and December 2018 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 November 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the December 2018 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 7 CEDAR WAY be worth now?

7 CEDAR WAY might now be worth an estimated £251,020.

This is based on house price inflation of 28.7%, between December 2018 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 28.7% inflationary increase is applied to the most recent sale price for 7 CEDAR WAY of £195,000 on 19th December 2018. For the value to have increased from £195,000 to £251,020 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 7 CEDAR WAY has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The December 2018 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CEDAR WAY has not materially changed since December 2018.

How Large is 7 CEDAR WAY?

7 CEDAR WAY is 68m² according to the EPC inspection conducted in February 2015. 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 7 CEDAR WAY lies on this distribution: 6% of detached houses houses are smaller than 7 CEDAR WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

7 CEDAR WAY: Plot and Title Map

7 CEDAR WAY sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 7 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 7 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 7 CEDAR WAY?

7 CEDAR WAY is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 7 on CEDAR WAY.