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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, Spout Lane, Preston is a modern freehold house with 1,625 ft2 of internal area.
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, Spout Lane, Preston is £459,480 and the estimated rental value is £1,306 per month.
Spout Lane, Longridge, Preston, PR3 is located in the borough of Ribble Valley within the PR3 postal district.
2, Spout Lane, Preston has a single entry in the Land Registry from July 2022 and a single entry in the EPC database dated May 2022.
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.
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, Spout Lane, Preston is in very good condition we estimate a sale value of £482,454 and a rental value of £1,371 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £427,317 and a rental value of £1,215 per month.
Over the last 12 months the sale value of 2 Spout Lane Preston has decreased by an estimated £1,921 (0.4%) and its rental value has increased by an estimated £40 per month (3.1%), giving an expected gross yield of 3.4%.
2, Spout Lane, Preston has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 May 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Spout Lane, Preston was last sold on 1st July 2022 for £435,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since July 2022, the market for similar properties has risen 17.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Spout Lane, Preston within a radius of 1.3 kilometres over the last 2 years.
The most recent example is 1, Spout Lane, Preston, PR3 3BZ, a freehold house which sold for £507,500 on the 4th July 2023.
Read more about house prices in PR3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spout Lane, Longridge, Preston, PR3 has a total of 24 addresses. According to our analysis of all the public data, 2, Spout Lane, Preston is the 19th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £146k more expensive than the average property in PR3.
The closest station to 2, Spout Lane, Preston is Ramsgreave & Wilpshire station which is 9.3 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, Spout Lane, Preston, 54.7% of property is privately owned outright and 32.6% 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 2, Spout Lane, Preston, 15.4% of residents are recorded as possessing school level qualifications and 39.4% 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, Spout Lane, Preston, the average age was 43.8 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, Spout Lane, Preston, 2.7% 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, Spout Lane, Preston, there are an average of 2.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.
