1, WAVERLEY CLOSE, SIMONSTONE, BURNLEY, BB12 7QB - £227,500

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 WAVERLEY CLOSE is a small detached house of 113m², built sometime between 1967 and 1975, which could now be worth an estimated £300,729. It was last sold for £227,500 in November 2015, which was around 31% below the average November 2015 detached price in the Ribble Valley local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was C.

1 WAVERLEY CLOSE Sold Prices

Land registry data shows four sales for 1 WAVERLEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. All of the four 1 WAVERLEY CLOSE sales were for below 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
2015 20 NOV	£227,500	£331,875	31% below HPI
2009 29 MAY	£240,000	£286,771	16% below HPI
2004 10 SEP	£185,000	£257,578	28% below HPI
1999 3 SEP	£85,000	£125,876	32% below HPI

1 WAVERLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The four 1 WAVERLEY CLOSE sales between September 1999 and November 2015 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 May 2009 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the November 2015 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 1 WAVERLEY CLOSE be worth now?

1 WAVERLEY CLOSE might now be worth an estimated £300,729.

This is based on house price inflation of 32.2%, between November 2015 and June 2025, for detached houses, in the Ribble Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.2% inflationary increase is applied to the most recent sale price for 1 WAVERLEY CLOSE of £227,500 on 20th November 2015. For the value to have increased from £227,500 to £300,729 over the ten years and five months to June 2025, the following assumptions must hold true:

• The value of 1 WAVERLEY CLOSE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The November 2015 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 1 WAVERLEY CLOSE has not materially changed since November 2015.

How Large is 1 WAVERLEY CLOSE?

1 WAVERLEY CLOSE is 113m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 30% of detached houses houses in Read, based on EPC data. The below chart shows the distribution of detached houses houses by size in Read, and where 1 WAVERLEY CLOSE lies on this distribution: 26% of detached houses houses are smaller than 1 WAVERLEY CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Read.

1 WAVERLEY CLOSE: Plot and Title Map

1 WAVERLEY CLOSE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 1 WAVERLEY CLOSE, 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 WAVERLEY CLOSE). 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 WAVERLEY CLOSE?

1 WAVERLEY CLOSE is located in SIMONSTONE, in the BB12 postcode district. The below map shows the position of No. 1 on WAVERLEY CLOSE.