THE STABLES, GRIMBALDESTON FARM, PRESTON ROAD, LONGRIDGE, PRESTON, PR3 3BD - £360,000

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 STABLES is a small detached house of 107m², built sometime between 2003 and 2006, which could now be worth an estimated £450,480. It was last sold for £360,000 in February 2020, which was around 3% above the average February 2020 detached price in the Ribble Valley local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was C.

THE STABLES Sold Prices

Land registry data shows two sales for THE STABLES 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. One of the two THE STABLES sales was for above the average price, whilst the other was for below 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 28 FEB	£360,000	£350,587	3% above HPI
2001 10 AUG	£110,000	£151,868	28% below HPI

THE STABLES 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 THE STABLES sales from August 2001 and February 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 August 2001 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the February 2020 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might THE STABLES be worth now?

THE STABLES might now be worth an estimated £450,480.

This is based on house price inflation of 25.1%, between February 2020 and June 2025, for detached houses, in the Ribble Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.1% inflationary increase is applied to the most recent sale price for THE STABLES of £360,000 on 28th February 2020. For the value to have increased from £360,000 to £450,480 over the four years and eight months to June 2025, the following assumptions must hold true:

• The value of THE STABLES has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The February 2020 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of THE STABLES has not materially changed since February 2020.

How Large is THE STABLES?

THE STABLES is 107m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 30% of detached houses houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Longridge, and where THE STABLES lies on this distribution: 30% of detached houses houses are smaller than THE STABLES, and 70% of houses are larger. Note that EPC data is not available for all properties in Longridge.

THE STABLES: Plot and Title Map

THE STABLES sits on a plot of roughly 0.276 of an acre, or 1,116m². The below map shows the location of THE STABLES, 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 STABLES). 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 STABLES?

THE STABLES, GRIMBALDESTON FARM is located on PRESTON ROAD in LONGRIDGE, in the PR3 postcode district. The below map shows the position of THE STABLES, GRIMBALDESTON FARM on PRESTON ROAD.