21, Spout Lane
21, Spout Lane
Description & Estimates
21, Spout Lane, Preston is recorded publicly as a modern freehold house across 2,002 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 21, Spout Lane, Preston is £517,887 and its rental estimate is £1,466 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
21, Spout Lane, Preston has a single entry in the Land Registry from April 2023 and a single entry in the EPC database dated April 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 21, Spout Lane, Preston, we estimate a market value of £543,782 and a rental value of £1,539 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £481,635 and £1,364 per month respectively.
Recent Market Change
Over the last year, 21, Spout Lane, Preston has seen its estimated sale value fall by £2,166 (0.4%) and its estimated rental value move up by £45 per month (3.1%). This results in an estimated gross rental yield of 3.4%.
Energy Efficiency
21, Spout Lane, Preston has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Apr 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 21, Spout Lane, Preston completed on 19th April 2023 at £565,000 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 16.9% over the period since April 2023.
- Sold Apr 2023£565,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 21, 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 12th June 2023, was 18, Spout Lane, Preston, PR3 3BZ, a freehold house which sold for £550,000.
Read more about house prices in PR3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 24 addresses on Spout Lane, Longridge, Preston, PR3, 21, Spout Lane, Preston comes out as the largest and the 2nd most expensive in our analysis of the public data.
It is also £204k 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 21, 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.
