BURNSIDE, MILL LANE, INSKIP, PRESTON, PR4 0TP - £242,500

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.

BURNSIDE is a small extended semi-detached house of 104m², built sometime between 1967 and 1975, which could now be worth an estimated £324,725. It was last sold for £242,500 in May 2017, which was around 74% above the average May 2017 semi-detached price in the Wyre local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

BURNSIDE Sold Prices

Land registry data shows three sales for BURNSIDE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Wyre local authority area for the corresponding sale date. All of the three BURNSIDE sales 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
2017 24 MAY	£242,500	£139,516	74% above HPI
2004 1 MAR	£142,500	£112,267	27% above HPI
2002 5 JUL	£95,000	£73,402	29% above HPI

BURNSIDE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Wyre local authority area over time, sourced from the HPI. The three BURNSIDE sales between July 2002 and May 2017 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 March 2004 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the May 2017 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

What might BURNSIDE be worth now?

BURNSIDE might now be worth an estimated £324,725.

This is based on house price inflation of 33.9%, between May 2017 and May 2026, for semi-detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.9% inflationary increase is applied to the most recent sale price for BURNSIDE of £242,500 on 24th May 2017. For the value to have increased from £242,500 to £324,725 over the nine years to May 2026, the following assumptions must hold true:

• The value of BURNSIDE has moved in line with the HPI for semi-detached houses in the Wyre local authority area.
• The May 2017 sale price of £242,500 represented a fair market value for the property.
• The size, condition, and specification of BURNSIDE has not materially changed since May 2017.

How Large is BURNSIDE?

BURNSIDE is 104m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 40% of semi-detached houses houses in Inskip, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Inskip, and where BURNSIDE lies on this distribution: 32% of semi-detached houses houses are smaller than BURNSIDE, and 68% of houses are larger. Note that EPC data is not available for all properties in Inskip.

BURNSIDE: Plot and Title Map

BURNSIDE sits on a plot of roughly 0.134 of an acre, or 544m². The below map shows the location of BURNSIDE, 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 BURNSIDE). 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 BURNSIDE?

BURNSIDE is located on MILL LANE in INSKIP, in the PR4 postcode district. The below map shows the position of BURNSIDE on MILL LANE.