21, WILLOWS LANE, ACCRINGTON, BB5 0RT - £50,500

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.

21 WILLOWS LANE is a small extended terraced house of 76m², built sometime between 1900 and 1929, which could now be worth an estimated £79,398. It was last sold for £50,500 in January 2018, which was around 34% below the average January 2018 terraced price in the Hyndburn local authority area. The most recent EPC inspection was July 2013, where the current energy rating was E, and the potential energy rating was B.

21 WILLOWS LANE Sold Prices

Land registry data shows three sales for 21 WILLOWS 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 Hyndburn local authority area for the corresponding sale date. All of the three 21 WILLOWS LANE 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
2018 23 JAN	£50,500	£76,535	34% below HPI
2006 14 AUG	£58,000	£76,243	24% below HPI
2003 7 OCT	£26,000	£36,684	29% below HPI

21 WILLOWS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hyndburn local authority area over time, sourced from the HPI. The three 21 WILLOWS LANE sales between October 2003 and January 2018 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 2006 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the January 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 21 WILLOWS LANE be worth now?

21 WILLOWS LANE might now be worth an estimated £79,398.

This is based on house price inflation of 57.2%, between January 2018 and May 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 57.2% inflationary increase is applied to the most recent sale price for 21 WILLOWS LANE of £50,500 on 23rd January 2018. For the value to have increased from £50,500 to £79,398 over the seven years and eight months to May 2026, the following assumptions must hold true:

• The value of 21 WILLOWS LANE has moved in line with the HPI for terraced houses in the Hyndburn local authority area.
• The January 2018 sale price of £50,500 represented a fair market value for the property.
• The size, condition, and specification of 21 WILLOWS LANE has not materially changed since January 2018.

How Large is 21 WILLOWS LANE?

21 WILLOWS LANE is 76m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the smallest 30% of terraced houses in Accrington, based on EPC data. The below chart shows the distribution of terraced houses by size in Accrington, and where 21 WILLOWS LANE lies on this distribution: 27% of terraced houses are smaller than 21 WILLOWS LANE, and 70% of terraced houses are larger. Note that EPC data is not available for all properties in Accrington.

Where is 21 WILLOWS LANE?

21 WILLOWS LANE is located in ACCRINGTON, in the BB5 postcode district.