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

8 SOLWAY CLOSE is a small detached house of 93m², built sometime between 1967 and 1975. It was last sold for £171,500 in May 2016, which was around 27% 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	£235,073	27% below HPI
2007 30 JUL	£177,000	£238,554	26% 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2016 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

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 40% of detached houses in Penwortham, based on EPC data. The below chart shows the distribution of detached houses by size in Penwortham, and where 8 SOLWAY CLOSE lies on this distribution: 30% of detached houses are smaller than 8 SOLWAY CLOSE, and 69% 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.