3, RIBBLE LANE, CHATBURN, CLITHEROE, BB7 4AG - £185,000

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.

3 RIBBLE LANE is a very small terraced house of 77m², built sometime before 1900, which could now be worth an estimated £212,823. It was last sold for £185,000 in July 2021, which was around 9% above the average July 2021 terraced price in the Ribble Valley local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

3 RIBBLE LANE Sold Prices

Land registry data shows two sales for 3 RIBBLE 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 3 RIBBLE 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
2021 9 JUL	£185,000	£169,207	9% above HPI
2013 10 APR	£155,000	£143,747	8% above HPI

3 RIBBLE 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 3 RIBBLE LANE sales from April 2013 and July 2021 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 April 2013 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the July 2021 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 3 RIBBLE LANE be worth now?

3 RIBBLE LANE might now be worth an estimated £212,823.

This is based on house price inflation of 15%, between July 2021 and June 2025, 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 15% inflationary increase is applied to the most recent sale price for 3 RIBBLE LANE of £185,000 on 9th July 2021. For the value to have increased from £185,000 to £212,823 over the four years and one month to June 2025, the following assumptions must hold true:

• The value of 3 RIBBLE LANE has moved in line with the HPI for terraced houses in the Ribble Valley local authority area.
• The July 2021 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RIBBLE LANE has not materially changed since July 2021.

How Large is 3 RIBBLE LANE?

3 RIBBLE LANE is 77m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of terraced houses houses in Chatburn, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chatburn, and where 3 RIBBLE LANE lies on this distribution: 6% of terraced houses houses are smaller than 3 RIBBLE LANE, and 94% of houses are larger. Note that EPC data is not available for all properties in Chatburn.

3 RIBBLE LANE: Plot and Title Map

3 RIBBLE LANE sits on a plot of roughly 0.021 of an acre, or 87m². The below map shows the location of 3 RIBBLE 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 3 RIBBLE 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 3 RIBBLE LANE?

3 RIBBLE LANE is located in CHATBURN, in the BB7 postcode district. The below map shows the position of No. 3 on RIBBLE LANE.