8, MEDLAR CLOSE, WESHAM, PRESTON, PR4 3EJ - £225,000

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.

8 MEDLAR CLOSE is a midsized detached house of 120m², built sometime between 1991 and 1995, which could now be worth an estimated £307,215. It was last sold for £225,000 in December 2015, which was around 19% below the average December 2015 detached price in the Fylde local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

8 MEDLAR CLOSE Sold Prices

Land registry data shows one sale for 8 MEDLAR CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Fylde local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 18 DEC	£225,000	£278,146	19% below HPI

What might 8 MEDLAR CLOSE be worth now?

8 MEDLAR CLOSE might now be worth an estimated £307,215.

This is based on house price inflation of 36.5%, between December 2015 and May 2026, for detached houses, in the Fylde local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.5% inflationary increase is applied to the most recent sale price for 8 MEDLAR CLOSE of £225,000 on 18th December 2015. For the value to have increased from £225,000 to £307,215 over the eleven years and seven months to May 2026, the following assumptions must hold true:

• The value of 8 MEDLAR CLOSE has moved in line with the HPI for detached houses in the Fylde local authority area.
• The December 2015 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MEDLAR CLOSE has not materially changed since December 2015.

How Large is 8 MEDLAR CLOSE?

8 MEDLAR CLOSE is 120m² according to the EPC inspection conducted in March 2015. This puts it in the largest 50% of detached houses in Wesham, based on EPC data. The below chart shows the distribution of detached houses by size in Wesham, and where 8 MEDLAR CLOSE lies on this distribution: 58% of detached houses are smaller than 8 MEDLAR CLOSE, and 42% of detached houses are larger. Note that EPC data is not available for all properties in Wesham.

8 MEDLAR CLOSE: Plot

8 MEDLAR CLOSE sits on a plot of roughly 0.071 of an acre, or 289m².

Where is 8 MEDLAR CLOSE?

8 MEDLAR CLOSE is located in WESHAM, in the PR4 postcode district.