248, NEW LINE, BACUP, OL13 9RX - £292,500

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.

248 NEW LINE is a very large extended detached house of 182m², built sometime between 1976 and 1982, which could now be worth an estimated £382,775. It was last sold for £292,500 in September 2019, which was around 20% above the average September 2019 detached price in the Rossendale local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

248 NEW LINE Sold Prices

Land registry data shows three sales for 248 NEW LINE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rossendale local authority area for the corresponding sale date. All of the three 248 NEW LINE 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
2019 20 SEP	£292,500	£244,050	20% above HPI
2011 15 DEC	£228,000	£190,519	20% above HPI
2009 30 JUN	£280,000	£188,260	49% above HPI

248 NEW LINE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rossendale local authority area over time, sourced from the HPI. The three 248 NEW LINE sales between June 2009 and September 2019 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 2011 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the September 2019 sale, which was also at 20% above the HPI.

What might 248 NEW LINE be worth now?

248 NEW LINE might now be worth an estimated £382,775.

This is based on house price inflation of 30.9%, between September 2019 and June 2025, for detached houses, in the Rossendale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.9% inflationary increase is applied to the most recent sale price for 248 NEW LINE of £292,500 on 20th September 2019. For the value to have increased from £292,500 to £382,775 over the six years and three months to June 2025, the following assumptions must hold true:

• The value of 248 NEW LINE has moved in line with the HPI for detached houses in the Rossendale local authority area.
• The September 2019 sale price of £292,500 represented a fair market value for the property.
• The size, condition, and specification of 248 NEW LINE has not materially changed since September 2019.

How Large is 248 NEW LINE?

248 NEW LINE is 182m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the largest 10% of detached houses houses in Bacup, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bacup, and where 248 NEW LINE lies on this distribution: 91% of detached houses houses are smaller than 248 NEW LINE, and 9% of houses are larger. Note that EPC data is not available for all properties in Bacup.

248 NEW LINE: Plot and Title Map

248 NEW LINE sits on a plot of roughly 0.170 of an acre, or 687m². The below map shows the location of 248 NEW LINE, 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 248 NEW LINE). 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 248 NEW LINE?

248 NEW LINE is located in BACUP, in the OL13 postcode district. The below map shows the position of No. 248 on NEW LINE.