1, BANKFOLD, BARROWFORD, NELSON, BB9 6JW - £226,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 BANKFOLD is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £376,023. It was last sold for £226,000 in November 2010, which was around 37% above the average November 2010 detached price in the Pendle local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was C.

1 BANKFOLD Sold Prices

Land registry data shows two sales for 1 BANKFOLD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Pendle local authority area for the corresponding sale date. Both of the two 1 BANKFOLD sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2010 22 NOV	£226,000	£164,516	37% above HPI
1999 12 MAR	£74,000	£60,853	22% above HPI

1 BANKFOLD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Pendle local authority area over time, sourced from the HPI. The two 1 BANKFOLD sales from March 1999 and November 2010 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 1999 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the November 2010 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 1 BANKFOLD be worth now?

1 BANKFOLD might now be worth an estimated £376,023.

This is based on house price inflation of 66.4%, between November 2010 and February 2025, for detached houses, in the Pendle local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.4% inflationary increase is applied to the most recent sale price for 1 BANKFOLD of £226,000 on 22nd November 2010. For the value to have increased from £226,000 to £376,023 over the fifteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 BANKFOLD has moved in line with the HPI for detached houses in the Pendle local authority area.
• The November 2010 sale price of £226,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BANKFOLD has not materially changed since November 2010.

How Large is 1 BANKFOLD?

1 BANKFOLD is 70m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 10% of detached houses houses in Barrowford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barrowford, and where 1 BANKFOLD lies on this distribution: 5% of detached houses houses are smaller than 1 BANKFOLD, and 95% of houses are larger. Note that EPC data is not available for all properties in Barrowford.

1 BANKFOLD: Plot and Title Map

1 BANKFOLD sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of 1 BANKFOLD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 BANKFOLD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 BANKFOLD?

1 BANKFOLD is located in BARROWFORD, in the BB9 postcode district. The below map shows the position of No. 1 on BANKFOLD.