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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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According to the public record, 2, Mills Way, Preston is a modern freehold house with 1,388 ft2 of internal area and sits on a 573 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Mills Way, Preston is £478,673 and the estimated rental value is £1,232 per month.
Mills Way, Chipping, Preston, PR3 is located in the borough of Ribble Valley within the PR3 postal district.
2, Mills Way, Preston has 2 entries in the Land Registry , most recently in December 2022 and a single entry in the EPC database dated June 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Mills Way, Preston is in very good condition we estimate a sale value of £502,607 and a rental value of £1,294 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £445,166 and a rental value of £1,146 per month.
Over the last 12 months the sale value of 2 Mills Way Preston has increased by an estimated £7,702 (1.6%) and its rental value has increased by an estimated £37 per month (3.0%), giving an expected gross yield of 3.1%.
According to data from HM Land Registry, 2, Mills Way, Preston sits on a plot of 573m2.
We have plot size data on 7 out of 7 other houses in the postcode and 2, Mills Way, Preston sits on the 2nd largest plot.
2, Mills Way, Preston has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Jun 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
According to HM Land Registry, 2, Mills Way, Preston was last sold on 9th December 2022 for £485,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since December 2022, the market for similar properties has dropped 14.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Mills Way, Preston within a radius of 6.0 kilometres over the last 2 years.
The most recent example is 8, Wolfs Fell Close, Preston, PR3 2DR, a freehold house which sold for £445,000 on the 10th November 2022.
Read more about house prices in PR3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mills Way, Chipping, Preston, PR3 has a total of 7 addresses. According to our analysis of all the public data, 2, Mills Way, Preston is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £161k more expensive than the average property in PR3.
The closest station to 2, Mills Way, Preston is Clitheroe station which is 12.3 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Mills Way, Preston, 39.2% of property is privately owned outright and 27.5% is socially rented.
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 2, Mills Way, Preston, 13.7% of residents are recorded as possessing school level qualifications and 30.8% 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 2, Mills Way, Preston, the average age was 46.8 and the most common age was 57.
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 2, Mills Way, Preston, 0.0% 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 2, Mills Way, Preston, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.
