2, GREEN GATE CLOSE, BURNLEY, BB12 0JQ - £120,000

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.

2 GREEN GATE CLOSE is a very small detached house of 64m², built sometime between 1950 and 1966, which could now be worth an estimated £209,270. It was last sold for £120,000 in March 2016, which was around 12% below the average March 2016 detached price in the Burnley local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was B.

2 GREEN GATE CLOSE Sold Prices

Land registry data shows three sales for 2 GREEN GATE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Burnley local authority area for the corresponding sale date. All of the three 2 GREEN GATE 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
2016 11 MAR	£120,000	£136,530	12% below HPI
2015 18 DEC	£127,285	£139,210	9% below HPI
2003 31 OCT	£70,000	£91,355	23% below HPI

2 GREEN GATE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Burnley local authority area over time, sourced from the HPI. The three 2 GREEN GATE CLOSE sales between October 2003 and March 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 December 2015 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the March 2016 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 GREEN GATE CLOSE be worth now?

2 GREEN GATE CLOSE might now be worth an estimated £209,270.

This is based on house price inflation of 74.4%, between March 2016 and May 2026, for detached houses, in the Burnley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 74.4% inflationary increase is applied to the most recent sale price for 2 GREEN GATE CLOSE of £120,000 on 11th March 2016. For the value to have increased from £120,000 to £209,270 over the nine years and ten months to May 2026, the following assumptions must hold true:

• The value of 2 GREEN GATE CLOSE has moved in line with the HPI for detached houses in the Burnley local authority area.
• The March 2016 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GREEN GATE CLOSE has not materially changed since March 2016.

How Large is 2 GREEN GATE CLOSE?

2 GREEN GATE CLOSE is 64m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses houses in Burnley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burnley, and where 2 GREEN GATE CLOSE lies on this distribution: 4% of detached houses houses are smaller than 2 GREEN GATE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Burnley.

2 GREEN GATE CLOSE: Plot and Title Map

2 GREEN GATE CLOSE sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 2 GREEN GATE 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 2 GREEN GATE 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 2 GREEN GATE CLOSE?

2 GREEN GATE CLOSE is located in BURNLEY, in the BB12 postcode district. The below map shows the position of No. 2 on GREEN GATE CLOSE.