NORWAYS, HALL LANE, GREAT ECCLESTON, PRESTON, PR3 0XN - £235,000

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.

NORWAYS is a very small detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £289,103. It was last sold for £235,000 in September 2020, which was around 4% below the average September 2020 detached price in the Wyre local authority area. The most recent EPC inspection was November 2012, where the current energy rating was C, and the potential energy rating was B.

NORWAYS Sold Prices

Land registry data shows two sales for NORWAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. One of the two NORWAYS sales was for below the average price, whilst the other was 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
2020 16 SEP	£235,000	£245,228	4% below HPI
2013 15 NOV	£210,000	£204,152	3% above HPI

NORWAYS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The two NORWAYS sales from November 2013 and September 2020 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 2013 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the September 2020 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might NORWAYS be worth now?

NORWAYS might now be worth an estimated £289,103.

This is based on house price inflation of 23%, between September 2020 and April 2026, for 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 23% inflationary increase is applied to the most recent sale price for NORWAYS of £235,000 on 16th September 2020. For the value to have increased from £235,000 to £289,103 over the six years and five months to April 2026, the following assumptions must hold true:

• The value of NORWAYS has moved in line with the HPI for detached houses in the Wyre local authority area.
• The September 2020 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of NORWAYS has not materially changed since September 2020.

How Large is NORWAYS?

NORWAYS is 70m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 10% of detached houses houses in Great Eccleston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Eccleston, and where NORWAYS lies on this distribution: 3% of detached houses houses are smaller than NORWAYS, and 97% of houses are larger. Note that EPC data is not available for all properties in Great Eccleston.

NORWAYS: Plot and Title Map

NORWAYS sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of NORWAYS, 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 NORWAYS). 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 NORWAYS?

NORWAYS is located on HALL LANE in GREAT ECCLESTON, in the PR3 postcode district. The below map shows the position of NORWAYS on HALL LANE.