2, SPINNING MILL CLOSE, OSWALDTWISTLE, ACCRINGTON, BB5 4AB - £200,000

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 SPINNING MILL CLOSE is a very small terraced house of 80m², built in 2011, which could now be worth an estimated £241,930. It was last sold for £200,000 in January 2022, which was around 100% above the average January 2022 terraced price in the Hyndburn local authority area. The most recent EPC inspection was February 2014, where the current energy rating was B, and the potential energy rating was B.

2 SPINNING MILL CLOSE Sold Prices

Land registry data shows two sales for 2 SPINNING MILL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Hyndburn local authority area for the corresponding sale date. Both of the two 2 SPINNING MILL CLOSE 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
2022 7 JAN	£200,000	£100,143	100% above HPI
2014 27 JUN	£170,750	£63,261	170% above HPI

2 SPINNING MILL CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Hyndburn local authority area over time, sourced from the HPI. The two 2 SPINNING MILL CLOSE sales from June 2014 and January 2022 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 June 2014 sale was for 170% above the HPI. So the extrapolation line tracks at 170% above the HPI over time, until the January 2022 sale, where it falls to 100% above the HPI. The line then continues to track at 100% above the HPI.

What might 2 SPINNING MILL CLOSE be worth now?

2 SPINNING MILL CLOSE might now be worth an estimated £241,930.

This is based on house price inflation of 21%, between January 2022 and April 2026, for terraced houses, in the Hyndburn local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21% inflationary increase is applied to the most recent sale price for 2 SPINNING MILL CLOSE of £200,000 on 7th January 2022. For the value to have increased from £200,000 to £241,930 over the three years and nine months to April 2026, the following assumptions must hold true:

• The value of 2 SPINNING MILL CLOSE has moved in line with the HPI for terraced houses in the Hyndburn local authority area.
• The January 2022 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPINNING MILL CLOSE has not materially changed since January 2022.

How Large is 2 SPINNING MILL CLOSE?

2 SPINNING MILL CLOSE is 80m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of terraced houses houses in Oswaldtwistle, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Oswaldtwistle, and where 2 SPINNING MILL CLOSE lies on this distribution: 14% of terraced houses houses are smaller than 2 SPINNING MILL CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Oswaldtwistle.

2 SPINNING MILL CLOSE: Plot and Title Map

2 SPINNING MILL CLOSE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 2 SPINNING MILL 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 SPINNING MILL 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 SPINNING MILL CLOSE?

2 SPINNING MILL CLOSE is located in OSWALDTWISTLE, in the BB5 postcode district. The below map shows the position of No. 2 on SPINNING MILL CLOSE.