40A, Watkin Lane
40A, Watkin Lane
Description & Estimates
Public records show 40A, Watkin Lane, Preston to be a period leasehold apartment with 764 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
40A, Watkin Lane, Preston has an estimated sale value of £79,548 and an estimated rental value of £504 per month, assuming reasonable condition and based on the information available.
The apartment sits within 40, Watkin Lane, Lostock Hall, Preston, PR5.
Watkin Lane, Lostock Hall, Preston, PR5 lies in the borough of South Ribble, within the PR5 postal district.
Our Data Sources
40A, Watkin Lane, Preston has a single entry in the Land Registry from January 2023 and a single entry in the EPC database dated August 2020.
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.
Price Range & Condition
In very good condition, we estimate 40A, Watkin Lane, Preston would be worth £83,525, with a potential rental value of £529 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £73,979, with a rental value of £469 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 40A, Watkin Lane, Preston has fallen by £504 (0.6%) over the last year. During the same period, its estimated monthly rental value has moved up by £16 (3.1%). The property's estimated gross yield is currently 7.6%.
Energy Efficiency
40A, Watkin Lane, Preston has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Aug 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
40A, Watkin Lane, Preston last changed hands on 27th January 2023, selling for £77,500. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 4.1% since January 2023.
- Sold Jan 2023£77,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 510 metres of 40A, Watkin Lane, Preston across the last 2 years.
Most recently, Unit 12B, Cuerden Green Mill, Sherdley Road, Preston, PR5 5LP, a leasehold flat, sold at £686,083 on the 29th September 2023.
Read more about house prices in PR5.
- Sold Sep 2023£686,083 | 2 Bed FlatCuerden Green Mill, Sherdley RoadUnit 12B, Cuerden Green Mill, Sherdley Road, Preston, PR5 5LP
- Sold Dec 2019£65,000 | 2 Bed FlatWatkin Lane40, Watkin Lane, Preston, PR5 5RD
- Sold Nov 2018£1,467,251 | 2 Bed FlatRiviera Court 11B, Watkin LaneFlat 10, Riviera Court 11B, Watkin Lane, Preston, PR5 5RG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 40A, Watkin Lane, Preston as the 79th largest and the 121st most expensive of the 148 addresses on Watkin Lane, Lostock Hall, Preston, PR5.
Against the PR5 postcode district average, it is £130k less expensive than the typical property.
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Schools Nearby
- 300mOur Lady and St Gerard's Roman Catholic Primary School, Lostock Hall
- 600mLostock Hall Community Primary School
- 800mFarington Moss St. Paul's C.E. Primary School
- 700mLostock Hall Academy
- 2.2kmBrownedge St Mary's Catholic High School
- 2.7kmWalton-Le-Dale High School
More reading links
Public Transport Nearby
Lostock Hall station is the nearest stop to 40A, Watkin Lane, Preston at 300 metres away.
- 300mLostock Hall
- 2.0kmBamber Bridge
- 3.0kmLeyland
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
