7, LOWER LANE, FRECKLETON, PRESTON, PR4 1HH - £148,000

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 LOWER LANE is a very small extended terraced house of 79m², built sometime before 1900, which could now be worth an estimated £186,072. It was last sold for £148,000 in October 2019, which was around 2% below the average October 2019 terraced price in the Fylde local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

7 LOWER LANE Sold Prices

Land registry data shows four sales for 7 LOWER LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Fylde local authority area for the corresponding sale date. two of the four 7 LOWER LANE sales were for below the average price, and four 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
2019 11 OCT	£148,000	£151,270	2% below HPI
2016 10 MAY	£142,500	£145,879	2% below HPI
2016 6 MAY	£150,000	£145,879	3% above HPI
2002 25 JUL	£96,950	£71,485	36% above HPI

7 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 four 7 LOWER LANE sales between July 2002 and October 2019 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 May 2016 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the October 2019 sale, which was also at 2% below the HPI.

What might 7 LOWER LANE be worth now?

7 LOWER LANE might now be worth an estimated £186,072.

This is based on house price inflation of 25.7%, between October 2019 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 25.7% inflationary increase is applied to the most recent sale price for 7 LOWER LANE of £148,000 on 11th October 2019. For the value to have increased from £148,000 to £186,072 over the seven years and six months to April 2026, the following assumptions must hold true:

• The value of 7 LOWER LANE has moved in line with the HPI for terraced houses in the Fylde local authority area.
• The October 2019 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LOWER LANE has not materially changed since October 2019.

How Large is 7 LOWER LANE?

7 LOWER LANE is 79m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% 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 7 LOWER LANE lies on this distribution: 13% of terraced houses houses are smaller than 7 LOWER LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Freckleton.

7 LOWER LANE: Plot and Title Map

7 LOWER LANE sits on a plot of roughly 0.033 of an acre, or 134m². The below map shows the location of 7 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 7 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 7 LOWER LANE?

7 LOWER LANE is located in FRECKLETON, in the PR4 postcode district. The below map shows the position of No. 7 on LOWER LANE.