8, SOLWAY CLOSE, PENWORTHAM, PRESTON, PR1 9RT - £171,500

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.

8 SOLWAY CLOSE is a small detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £245,910. It was last sold for £171,500 in May 2016, which was around 25% below the average May 2016 detached price in the South Ribble local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

8 SOLWAY CLOSE Sold Prices

Land registry data shows two sales for 8 SOLWAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two 8 SOLWAY CLOSE 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
2016 25 MAY	£171,500	£228,455	25% below HPI
2007 30 JUL	£177,000	£231,838	24% below HPI

8 SOLWAY CLOSE 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 two 8 SOLWAY CLOSE sales from July 2007 and May 2016 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 July 2007 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2016 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 8 SOLWAY CLOSE be worth now?

8 SOLWAY CLOSE might now be worth an estimated £245,910.

This is based on house price inflation of 43.4%, between May 2016 and May 2026, 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 43.4% inflationary increase is applied to the most recent sale price for 8 SOLWAY CLOSE of £171,500 on 25th May 2016. For the value to have increased from £171,500 to £245,910 over the ten years to May 2026, the following assumptions must hold true:

• The value of 8 SOLWAY CLOSE has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The May 2016 sale price of £171,500 represented a fair market value for the property.
• The size, condition, and specification of 8 SOLWAY CLOSE has not materially changed since May 2016.

How Large is 8 SOLWAY CLOSE?

8 SOLWAY CLOSE is 93m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 30% 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 8 SOLWAY CLOSE lies on this distribution: 29% of detached houses houses are smaller than 8 SOLWAY CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Penwortham.

8 SOLWAY CLOSE: Plot and Title Map

8 SOLWAY CLOSE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 8 SOLWAY CLOSE, 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 8 SOLWAY CLOSE). 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 8 SOLWAY CLOSE?

8 SOLWAY CLOSE is located in PENWORTHAM, in the PR1 postcode district. The below map shows the position of No. 8 on SOLWAY CLOSE.