248, WILLOWS LANE, ACCRINGTON, BB5 0LR - £95,000

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.

248 WILLOWS LANE is a very small terraced house of 76m², built sometime between 1930 and 1949, which could now be worth an estimated £107,263. It was last sold for £95,000 in December 2023, which was around 11% below the average December 2023 terraced price in the Hyndburn local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

248 WILLOWS LANE Sold Prices

Land registry data shows two sales for 248 WILLOWS LANE 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 248 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
2023 6 DEC	£95,000	£106,574	11% below HPI
2017 17 NOV	£57,000	£76,550	26% below HPI

248 WILLOWS LANE 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 248 WILLOWS LANE sales from November 2017 and December 2023 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 November 2017 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2023 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 248 WILLOWS LANE be worth now?

248 WILLOWS LANE might now be worth an estimated £107,263.

This is based on house price inflation of 12.9%, between December 2023 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 12.9% inflationary increase is applied to the most recent sale price for 248 WILLOWS LANE of £95,000 on 6th December 2023. For the value to have increased from £95,000 to £107,263 over the three years and seven months to May 2026, the following assumptions must hold true:

• The value of 248 WILLOWS LANE has moved in line with the HPI for terraced houses in the Hyndburn local authority area.
• The December 2023 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 248 WILLOWS LANE has not materially changed since December 2023.

How Large is 248 WILLOWS LANE?

248 WILLOWS LANE is 76m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of terraced houses houses in Accrington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Accrington, and where 248 WILLOWS LANE lies on this distribution: 15% of terraced houses houses are smaller than 248 WILLOWS LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Accrington.

248 WILLOWS LANE: Plot and Title Map

248 WILLOWS LANE sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 248 WILLOWS 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 248 WILLOWS 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 248 WILLOWS LANE?

248 WILLOWS LANE is located in ACCRINGTON, in the BB5 postcode district. The below map shows the position of No. 248 on WILLOWS LANE.