STONE TREE, THE SQUARE, SCORTON, PRESTON, PR3 1AU - £700,000

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.

STONE TREE is a large extended detached house of 181m², built sometime between 1930 and 1949, which could now be worth an estimated £745,956. It was last sold for £700,000 in March 2022, which was around 147% above the average March 2022 detached price in the Wyre local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was C.

STONE TREE Sold Prices

Land registry data shows two sales for STONE TREE 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. Both of the two STONE TREE 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
2022 25 MAR	£700,000	£283,100	147% above HPI
2015 23 JAN	£325,000	£215,955	50% above HPI

STONE TREE 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 STONE TREE sales from January 2015 and March 2022 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 January 2015 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the March 2022 sale, where it rises to 147% above the HPI. The line then continues to track at 147% above the HPI.

What might STONE TREE be worth now?

STONE TREE might now be worth an estimated £745,956.

This is based on house price inflation of 6.6%, between March 2022 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 6.6% inflationary increase is applied to the most recent sale price for STONE TREE of £700,000 on 25th March 2022. For the value to have increased from £700,000 to £745,956 over the three years and eleven months to April 2026, the following assumptions must hold true:

• The value of STONE TREE has moved in line with the HPI for detached houses in the Wyre local authority area.
• The March 2022 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of STONE TREE has not materially changed since March 2022.

How Large is STONE TREE?

STONE TREE is 181m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the largest 30% of detached houses houses in Scorton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Scorton, and where STONE TREE lies on this distribution: 74% of detached houses houses are smaller than STONE TREE, and 26% of houses are larger. Note that EPC data is not available for all properties in Scorton.

STONE TREE: Plot and Title Map

STONE TREE sits on a plot of roughly 0.314 of an acre, or 1,272m². The below map shows the location of STONE TREE, 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 STONE TREE). 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 STONE TREE?

STONE TREE is located on THE SQUARE in SCORTON, in the PR3 postcode district. The below map shows the position of STONE TREE on THE SQUARE.