Flat 4, Gatehouse Spring Bank, Preston, PR1 8PL is a leasehold flat built between 1991-1995. The property offers approximately 441 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £61,475 , which equates to approximately £139 per square foot. It was last sold on 31 Mar 2022 for £54,475. Since then, the value has increased by £7,000, representing a 12.8% increase, or approximately 3.5% per year.

The current estimated value of £61,475 is:

  • 80.0% lower than the average property price on Spring Bank
  • 50.3% lower than the average in the PR1 8PL postcode area
  • and 63.3% lower than the average price for Preston as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 11 January 2019, the property was recorded as owner-occupied.

View sold house prices in PR1 8PL

Building approximate location

About Property

Type
Flat
Built
1991-1995
Interior Size
441 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£61,475
Price Per sq ft (estimate)
£139
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 4, Gatehouse Spring Bank, Preston, Lancashire, PR1 8PL has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 11 Jan 2019.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 19 Mar 2010, and the property received the same rating of C with an unchanged energy efficiency score of 77.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from poor to average, while the heating system type remained the same (electric storage heaters).
  • The lighting was updated from low energy lighting in 20% of fixed outlets to low energy lighting in 33% of fixed outlets, with efficiency improving from poor to average.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 33% of fixed outlets
Average

Compared to PR1 8PL

14 th / 20
Price Rank
50% lower than average
10 th / 12
Size Rank
38% smaller than average
4 th / 12
Price Per Sq FT Rank
20% lower than average

Compared to other properties in PR1 8PL , this flat's estimated value ranks 14th out of 20. Based on price per square foot, it ranks 4th out of 12 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 10th out of 12 properties in its postcode area.

Sale History

Today
£61,475
streetscan.co.uk estimate
+13 %
31 Mar 2022
£54,475
Leasehold
-31 %
15 Jul 2010
£78,950
Leasehold
-3.7 %
10 Dec 2004
£82,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 420 sq ft
sale price: £48,500
sale date: 25 Oct 2013
rooms: 2
size: 441 sq ft
sale price: £36,500
sale date: 8 Nov 2002

Data Sources

The property at Flat 4, Gatehouse Spring Bank, Preston, PR1 8PL appears three times in the Land Registry records, with the latest transaction recorded on 31 Mar 2022. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 11 Jan 2019. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.