PROSPECT LODGE, LOWER LANE, LONGRIDGE, PRESTON, PR3 3SL - £590,000

PROSPECT LODGE is a very large detached house of 328m². It was last sold for £590,000 in October 2015, which was around 91% above the average October 2015 detached price in the Ribble Valley local authority area. The most recent EPC inspection was July 2014, where the current energy rating was B, and the potential energy rating was B.

PROSPECT LODGE Sold Prices

Land registry data shows two sales for PROSPECT LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. Both of the two PROSPECT LODGE 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
2015 27 OCT	£590,000	£308,276	91% above HPI
2007 9 JUL	£447,000	£325,050	38% above HPI

PROSPECT LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The two PROSPECT LODGE sales from July 2007 and October 2015 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 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the October 2015 sale, where it rises to 91% above the HPI. The line then continues to track at 91% above the HPI.

How Large is PROSPECT LODGE?

PROSPECT LODGE is 328m² according to the EPC inspection conducted in July 2014. This puts it in the largest 10% of detached houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses by size in Longridge, and where PROSPECT LODGE lies on this distribution: 99% of detached houses are smaller than PROSPECT LODGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Longridge.

PROSPECT LODGE: Plot and Title Map

PROSPECT LODGE sits on a plot of roughly 0.338 of an acre, or 1,368m². The below map shows the location of PROSPECT LODGE, 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 PROSPECT LODGE). 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 PROSPECT LODGE?

PROSPECT LODGE is located on LOWER LANE in LONGRIDGE, in the PR3 postcode district. The below map shows the position of PROSPECT LODGE on LOWER LANE.