12, STRAITS LANE, READ, BURNLEY, BB12 7PQ - £247,500

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.

12 STRAITS LANE is a very small extended terraced house of 94m², built sometime before 1900, which could now be worth an estimated £330,387. It was last sold for £247,500 in January 2016, which was around 66% above the average January 2016 terraced price in the Ribble Valley local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was D.

12 STRAITS LANE Sold Prices

Land registry data shows three sales for 12 STRAITS LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Ribble Valley local authority area for the corresponding sale date. All of the three 12 STRAITS LANE 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
2016 22 JAN	£247,500	£149,123	66% above HPI
2013 15 AUG	£235,000	£141,398	66% above HPI
2001 30 APR	£115,000	£59,202	94% above HPI

12 STRAITS LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Ribble Valley local authority area over time, sourced from the HPI. The three 12 STRAITS LANE sales between April 2001 and January 2016 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 August 2013 sale was for 66% above the HPI. So the extrapolation line tracks at 66% above the HPI over time, until the January 2016 sale, which was also at 66% above the HPI.

What might 12 STRAITS LANE be worth now?

12 STRAITS LANE might now be worth an estimated £330,387.

This is based on house price inflation of 33.5%, between January 2016 and April 2026, for terraced 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 33.5% inflationary increase is applied to the most recent sale price for 12 STRAITS LANE of £247,500 on 22nd January 2016. For the value to have increased from £247,500 to £330,387 over the nine years and nine months to April 2026, the following assumptions must hold true:

• The value of 12 STRAITS LANE has moved in line with the HPI for terraced houses in the Ribble Valley local authority area.
• The January 2016 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 12 STRAITS LANE has not materially changed since January 2016.

How Large is 12 STRAITS LANE?

12 STRAITS LANE is 94m², which includes two extensions, according to the EPC inspection conducted in April 2011. This puts it in the smallest 20% of terraced houses houses in Read, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Read, and where 12 STRAITS LANE lies on this distribution: 15% of terraced houses houses are smaller than 12 STRAITS LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Read.

12 STRAITS LANE: Plot and Title Map

12 STRAITS LANE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 12 STRAITS LANE, 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 12 STRAITS LANE). 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 12 STRAITS LANE?

12 STRAITS LANE is located in READ, in the BB12 postcode district. The below map shows the position of No. 12 on STRAITS LANE.