26, STRAITS LANE, READ, BURNLEY, BB12 7PQ - £238,000

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.

26 STRAITS LANE is a very small terraced house of 92m², built sometime between 1900 and 1929, which could now be worth an estimated £304,622. It was last sold for £238,000 in November 2019, which was around 53% above the average November 2019 terraced price in the Ribble Valley local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was B.

26 STRAITS LANE Sold Prices

Land registry data shows two sales for 26 STRAITS 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 Ribble Valley local authority area for the corresponding sale date. Both of the two 26 STRAITS LANE 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 22 NOV	£238,000	£155,528	53% above HPI
2015 20 NOV	£232,000	£149,245	55% above HPI

26 STRAITS LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Ribble Valley local authority area over time, sourced from the HPI. The two 26 STRAITS LANE sales from November 2015 and November 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 November 2015 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the November 2019 sale, where it falls to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might 26 STRAITS LANE be worth now?

26 STRAITS LANE might now be worth an estimated £304,622.

This is based on house price inflation of 28%, between November 2019 and April 2026, for terraced houses, in the Ribble Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28% inflationary increase is applied to the most recent sale price for 26 STRAITS LANE of £238,000 on 22nd November 2019. For the value to have increased from £238,000 to £304,622 over the seven years and seven months to April 2026, the following assumptions must hold true:

• The value of 26 STRAITS LANE has moved in line with the HPI for terraced houses in the Ribble Valley local authority area.
• The November 2019 sale price of £238,000 represented a fair market value for the property.
• The size, condition, and specification of 26 STRAITS LANE has not materially changed since November 2019.

How Large is 26 STRAITS LANE?

26 STRAITS LANE is 92m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 20% of terraced houses houses in Read, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Read, and where 26 STRAITS LANE lies on this distribution: 11% of terraced houses houses are smaller than 26 STRAITS LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Read.

26 STRAITS LANE: Plot and Title Map

26 STRAITS LANE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 26 STRAITS 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 26 STRAITS 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 26 STRAITS LANE?

26 STRAITS LANE is located in READ, in the BB12 postcode district. The below map shows the position of No. 26 on STRAITS LANE.