1, Spout Lane
1, Spout Lane
Description & Estimates
1, Spout Lane, Preston is recorded publicly as a modern freehold house across 1,625 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 1, Spout Lane, Preston is £464,241 and its rental estimate is £1,320 per month, given the available information and assuming reasonable condition.
Spout Lane, Longridge, Preston, PR3 falls within the PR3 postal district, in the borough of Ribble Valley.
Our Data Sources
1, Spout Lane, Preston has a single entry in the Land Registry from July 2023 and a single entry in the EPC database dated June 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Spout Lane, Preston, we estimate a market value of £487,454 and a rental value of £1,386 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £431,745 and £1,227 per month respectively.
Recent Market Change
Over the last year, 1, Spout Lane, Preston has seen its estimated sale value decrease by £1,941 (0.4%) and its estimated rental value grow by £41 per month (3.1%). This results in an estimated gross rental yield of 3.4%.
Energy Efficiency
1, Spout Lane, Preston has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 Jun 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 1, Spout Lane, Preston completed on 4th July 2023 at £507,500 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 16.5% over the period since July 2023.
- Sold Jul 2023£507,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Spout Lane, Preston have sold within a radius of 1.3 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th January 2023, was 16, Spout Lane, Preston, PR3 3BZ, a freehold house which sold for £455,000.
Read more about house prices in PR3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 24 addresses on Spout Lane, Longridge, Preston, PR3, 1, Spout Lane, Preston comes out as the 17th largest and the 17th most expensive in our analysis of the public data.
It is also £151k more expensive than the average property across the PR3 district.
More reading links
Schools Nearby
- 1.2kmAlston Lane Catholic Primary School, Longridge
- 1.3kmLongridge Church of England Primary School
- 1.6kmLongridge St Wilfrid's Roman Catholic Primary School
- 700mSt Cecilia's RC High School
- 800mLongridge High School
- 7.7kmCorpus Christi Catholic High School
More reading links
Public Transport Nearby
From 1, Spout Lane, Preston, the nearest station is Ramsgreave & Wilpshire, 9.3 kilometres away.
- 9.3kmRamsgreave & Wilpshire
- 9.7kmPreston (Lancs)
- 10.4kmLangho
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
