38, LANCASTER DRIVE, PADIHAM, BURNLEY, BB12 7DU - £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.

38 LANCASTER DRIVE is a small terraced house of 96m², built sometime between 1967 and 1975, which could now be worth an estimated £109,771. It was last sold for £95,000 in March 2022, which was about the average March 2022 terraced price in the Burnley local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

38 LANCASTER DRIVE Sold Prices

Land registry data shows three sales for 38 LANCASTER DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Burnley local authority area for the corresponding sale date. The three 38 LANCASTER DRIVE sales were a mix of roughly equal to the average price, and 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
2022 10 MAR	£95,000	£95,469	Close to HPI
2011 25 NOV	£87,000	£61,791	41% above HPI
2004 25 OCT	£83,000	£50,729	64% above HPI

38 LANCASTER DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Burnley local authority area over time, sourced from the HPI. The three 38 LANCASTER DRIVE sales between October 2004 and March 2022 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 2011 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the March 2022 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 38 LANCASTER DRIVE be worth now?

38 LANCASTER DRIVE might now be worth an estimated £109,771.

This is based on house price inflation of 15.5%, between March 2022 and May 2026, for terraced houses, in the Burnley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.5% inflationary increase is applied to the most recent sale price for 38 LANCASTER DRIVE of £95,000 on 10th March 2022. For the value to have increased from £95,000 to £109,771 over the three years and ten months to May 2026, the following assumptions must hold true:

• The value of 38 LANCASTER DRIVE has moved in line with the HPI for terraced houses in the Burnley local authority area.
• The March 2022 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 38 LANCASTER DRIVE has not materially changed since March 2022.

How Large is 38 LANCASTER DRIVE?

38 LANCASTER DRIVE is 96m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 40% of terraced houses houses in Padiham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Padiham, and where 38 LANCASTER DRIVE lies on this distribution: 34% of terraced houses houses are smaller than 38 LANCASTER DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Padiham.

38 LANCASTER DRIVE: Plot and Title Map

38 LANCASTER DRIVE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 38 LANCASTER DRIVE, 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 38 LANCASTER DRIVE). 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 38 LANCASTER DRIVE?

38 LANCASTER DRIVE is located in PADIHAM, in the BB12 postcode district. The below map shows the position of No. 38 on LANCASTER DRIVE.