THE LAUND, WHITTINGHAM LANE, GRIMSARGH, PRESTON, PR2 5LH - £1,000,000

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.

THE LAUND is a very large extended detached house of 505m², built sometime between 1900 and 1929, which could now be worth an estimated £1,023,556. It was last sold for £1,000,000 in October 2022, which was around 230% above the average October 2022 detached price in the Preston local authority area. The most recent EPC inspection was April 2021, where the current energy rating was F, and the potential energy rating was D.

THE LAUND Sold Prices

Land registry data shows two sales for THE LAUND since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Preston local authority area for the corresponding sale date. Both of the two THE LAUND 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 28 OCT	£1,000,000	£303,276	230% above HPI
2000 3 MAR	£350,000	£97,322	260% above HPI

THE LAUND Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The two THE LAUND sales from March 2000 and October 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 March 2000 sale was for 260% above the HPI. So the extrapolation line tracks at 260% above the HPI over time, until the October 2022 sale, where it falls to 230% above the HPI. The line then continues to track at 230% above the HPI.

What might THE LAUND be worth now?

THE LAUND might now be worth an estimated £1,023,556.

This is based on house price inflation of 2.4%, between October 2022 and June 2025, for detached houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.4% inflationary increase is applied to the most recent sale price for THE LAUND of £1,000,000 on 28th October 2022. For the value to have increased from £1,000,000 to £1,023,556 over the three years and four months to June 2025, the following assumptions must hold true:

• The value of THE LAUND has moved in line with the HPI for detached houses in the Preston local authority area.
• The October 2022 sale price of £1,000,000 represented a fair market value for the property.
• The size, condition, and specification of THE LAUND has not materially changed since October 2022.

How Large is THE LAUND?

THE LAUND is 505m², which includes two extensions, according to the EPC inspection conducted in April 2021. This puts it in the largest 10% of detached houses houses in Grimsargh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grimsargh, and where THE LAUND lies on this distribution: More than 99% of detached houses houses are smaller than THE LAUND, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Grimsargh.

THE LAUND: Plot and Title Map

THE LAUND sits on a plot of roughly 0.937 of an acre, or 3,793m². The below map shows the location of THE LAUND, 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 THE LAUND). 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 THE LAUND?

THE LAUND is located on WHITTINGHAM LANE in GRIMSARGH, in the PR2 postcode district. The below map shows the position of THE LAUND on WHITTINGHAM LANE.