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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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12, Wallace Lane, Preston appears in the public record as a freehold house sitting on a 302 m2 plot.
By comparing it to nearby properties, we estimate it to be a mid-century house with 1,227 ft2 of internal area and a garden.
Locally, houses of this size normally have 4 bedrooms.
Our estimate of the sale value of 12, Wallace Lane, Preston is £316,237 and its rental estimate is £1,310 per month, given the available information and assuming reasonable condition.
Wallace Lane, Forton, Preston, PR3 falls within the PR3 postal district, in the borough of Wyre.
12, Wallace Lane, Preston has 21 entries in the Land Registry , most recently in July 2009 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 12, Wallace Lane, Preston, we estimate a market value of £332,048 and a rental value of £1,376 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £294,100 and £1,218 per month respectively.
Over the last year, 12, Wallace Lane, Preston has seen its estimated sale value move down by £1,322 (0.4%) and its estimated rental value increase by £40 per month (3.1%). This results in an estimated gross rental yield of 5.0%.
HM Land Registry records the plot of land for 12, Wallace Lane, Preston as measuring 302 m2.
That makes it the 29th largest plot in the postcode, where 29 of the 40 other houses have recorded plot data.
The most recent sale of 12, Wallace Lane, Preston completed on 24th July 2009 at £235,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 33.3% over the period since July 2009.
Over the past 2 years 3 properties similar to 12, Wallace Lane, Preston have sold within a radius of 4.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th September 2025, was 20, Lunesdale Drive, Preston, PR3 0BH, a freehold house which sold for £357,500.
Read more about house prices in PR3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 60 addresses on Wallace Lane, Forton, Preston, PR3, 12, Wallace Lane, Preston comes out as the 39th largest and the 43rd most expensive in our analysis of the public data.
It is also £3k more expensive than the average property across the PR3 district.
From 12, Wallace Lane, Preston, the nearest station is Lancaster, 10.3 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Wallace Lane, Preston, 53.5% of property is privately owned outright and 35.7% is privately owned with a mortgage.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 12, Wallace Lane, Preston, 18.6% of residents are recorded as possessing school level qualifications and 48.0% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 12, Wallace Lane, Preston, the average age was 44 and the most common age was 17.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 12, Wallace Lane, Preston, 1.2% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 12, Wallace Lane, Preston, there are an average of 1.9 cars per household.
See below for how this compares to North West and the rest of England & Wales.
