Banks House, Preston
Banks House, Preston
Description & Estimates
Public records show Banks House, Preston to be a period freehold house with 2,271 ft2 of internal area, sitting on a 4,876 m2 plot.
In this area, houses of this size normally have 5 bedrooms with a garden.
Banks House, Preston has an estimated sale value of £858,008 and an estimated rental value of £2,322 per month, assuming reasonable condition and based on the information available.
Back Lane, Chipping, Preston, PR3 lies in the borough of Ribble Valley, within the PR3 postal district.
Our Data Sources
Banks House, Preston has 2 entries in the Land Registry , most recently in June 2021 and a single entry in the EPC database dated December 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate Banks House, Preston would be worth £900,908, with a potential rental value of £2,438 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £797,947, with a rental value of £2,159 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 Banks House, Preston has decreased by £2,603 (0.3%) over the last year. During the same period, its estimated monthly rental value has grown by £66 (2.9%). The property's estimated gross yield is currently 3.2%.
Plot Size
Banks House, Preston occupies a 4,876 m2 plot as recorded by HM Land Registry.
Of the 10 other houses in this postcode, 5 have recorded plot sizes, and this one ranks as the 4th largest.
Energy Efficiency
Banks House, Preston has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Dec 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and underfloor heating, oil, Boiler and radiators, oil.
Sold Prices
Banks House, Preston last changed hands on 28th June 2021, selling for £795,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 3.8% since June 2021.
- Sold Jun 2021£795,000
- Sold Sep 2017£610,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 4.2 kilometres of Banks House, Preston across the last 2 years.
Most recently, Roall Garth, Hesketh Lane, Preston, PR3 2TH, a freehold house, sold at £619,150 on the 8th April 2022.
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
Our analysis of the public data ranks Banks House, Preston as the 3rd largest and the 3rd most expensive of the 10 addresses on Back Lane, Chipping, Preston, PR3.
Against the PR3 postcode district average, it is £545k more expensive than the typical property.
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Schools Nearby
- 1.5kmBrabins Endowed School
- 1.5kmSt Mary's Roman Catholic Primary School, Chipping
- 4.5kmBarnacre Road Primary School
- 5.2kmLongridge High School
- 5.3kmSt Cecilia's RC High School
- 11.5kmSt Augustine's Roman Catholic High School, a Voluntary Academy
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Public Transport Nearby
Langho station is the nearest stop to Banks House, Preston at 11.1 kilometres away.
- 11.1kmLangho
- 11.8kmRamsgreave & Wilpshire
- 11.9kmWhalley (Lancs)
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
