16, Mere Lane
16, Mere Lane
Description & Estimates
16, Mere Lane, Preston is recorded publicly as an early-century freehold house across 1,001 ft2 of internal area, sitting on a 44,009 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 16, Mere Lane, Preston is £528,880 and its rental estimate is £1,829 per month, given the available information and assuming reasonable condition.
Mere Lane, Mere Brow, Preston, PR4 falls within the PR4 postal district, in the borough of West Lancashire.
Our Data Sources
16, Mere Lane, Preston has a single entry in the Land Registry from September 2014 and a single entry in the EPC database dated October 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 16, Mere Lane, Preston, we estimate a market value of £555,323 and a rental value of £1,921 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £491,858 and £1,701 per month respectively.
Recent Market Change
Over the last year, 16, Mere Lane, Preston has seen its estimated sale value move up by £2,445 (0.5%) and its estimated rental value increase by £62 per month (3.4%). This results in an estimated gross rental yield of 4.2%.
Plot Size
HM Land Registry records the plot of land for 16, Mere Lane, Preston as measuring 44,009 m2.
That makes it the largest plot in the postcode, where 7 of the 10 other houses have recorded plot data.
Energy Efficiency
16, Mere Lane, Preston has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Oct 2012.
The property is not connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of 16, Mere Lane, Preston completed on 26th September 2014 at £370,000 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 8.7% over the period since September 2014.
- Sold Sep 2014£370,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 16, Mere 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 28th August 2024, was 135, The Marshes Lane, Preston, PR4 6JS, a freehold house which sold for £475,000.
Read more about house prices in PR4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 10 addresses on Mere Lane, Mere Brow, Preston, PR4, 16, Mere Lane, Preston comes out as the 5th largest and the 3rd most expensive in our analysis of the public data.
It is also £242k more expensive than the average property across the PR4 district.
More reading links
Schools Nearby
- 1.2kmHolmeswood Methodist School
- 1.6kmTarleton Mere Brow Church of England Primary School
- 3.9kmBanks St Stephen's CofE School
- 5.0kmTarleton Academy
- 5.8kmBurscough Priory Academy
- 6.5kmMeols Cop High School
More reading links
Public Transport Nearby
From 16, Mere Lane, Preston, the nearest station is Bescar Lane, 3.8 kilometres away.
- 3.8kmBescar Lane
- 4.3kmNew Lane
- 4.9kmRufford
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
