42, GEORGE LANE, READ, BURNLEY, BB12 7RH - £750,000

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.

42 GEORGE LANE is a very large detached house of 224m², built in 2016, which could now be worth an estimated £1,005,966. It was last sold for £750,000 in November 2015, which was around 126% above the average November 2015 detached price in the Ribble Valley local authority area. The most recent EPC inspection was October 2016, where the current energy rating was B, and the potential energy rating was B.

42 GEORGE LANE Sold Prices

Land registry data shows two sales for 42 GEORGE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. One of the two 42 GEORGE LANE sales was for above the average price, whilst the other was 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
2015 26 NOV	£750,000	£331,875	126% above HPI
2014 21 MAY	£160,000	£312,147	49% below HPI

42 GEORGE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The two 42 GEORGE LANE sales from May 2014 and November 2015 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 May 2014 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the November 2015 sale, where it rises to 126% above the HPI. The line then continues to track at 126% above the HPI.

What might 42 GEORGE LANE be worth now?

42 GEORGE LANE might now be worth an estimated £1,005,966.

This is based on house price inflation of 34.1%, between November 2015 and May 2026, for detached 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 34.1% inflationary increase is applied to the most recent sale price for 42 GEORGE LANE of £750,000 on 26th November 2015. For the value to have increased from £750,000 to £1,005,966 over the eleven years and six months to May 2026, the following assumptions must hold true:

• The value of 42 GEORGE LANE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The November 2015 sale price of £750,000 represented a fair market value for the property.
• The size, condition, and specification of 42 GEORGE LANE has not materially changed since November 2015.

How Large is 42 GEORGE LANE?

42 GEORGE LANE is 224m² according to the EPC inspection conducted in October 2016. This puts it in the largest 10% of detached houses houses in Read, based on EPC data. The below chart shows the distribution of detached houses houses by size in Read, and where 42 GEORGE LANE lies on this distribution: 95% of detached houses houses are smaller than 42 GEORGE LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Read.

42 GEORGE LANE: Plot and Title Map

42 GEORGE LANE sits on a plot of roughly 0.325 of an acre, or 1,315m². The below map shows the location of 42 GEORGE 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 42 GEORGE 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 42 GEORGE LANE?

42 GEORGE LANE is located in READ, in the BB12 postcode district. The below map shows the position of No. 42 on GEORGE LANE.