8, Spout Lane
8, Spout Lane
Description & Estimates
8, Spout Lane, Preston is recorded publicly as a modern freehold house across 1,754 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 8, Spout Lane, Preston is £478,280 and its rental estimate is £1,354 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
8, Spout Lane, Preston has a single entry in the Land Registry from August 2022 and a single entry in the EPC database dated August 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.
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 8, Spout Lane, Preston, we estimate a market value of £502,195 and a rental value of £1,422 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £444,801 and £1,259 per month respectively.
Recent Market Change
Over the last year, 8, Spout Lane, Preston has seen its estimated sale value decrease by £2,000 (0.4%) and its estimated rental value grow by £42 per month (3.1%). This results in an estimated gross rental yield of 3.4%.
Energy Efficiency
8, Spout Lane, Preston has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Aug 2022.
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 8, Spout Lane, Preston completed on 9th August 2022 at £430,000 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 August 2022.
- Sold Aug 2022£430,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, 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 11th August 2023, was 3, Spout Lane, Preston, PR3 3BZ, a freehold house which sold for £465,000.
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, 8, Spout Lane, Preston comes out as the 13th largest and the 13th most expensive in our analysis of the public data.
It is also £165k 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 8, 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.
