50, SCHOOL LANE, GUIDE, BLACKBURN, BB1 2LW - £149,950

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.

50 SCHOOL LANE is a large terraced house of 92m², built sometime between 1900 and 1929, which could now be worth an estimated £237,032. It was last sold for £149,950 in November 2018, which was around 72% above the average November 2018 terraced price in the Blackburn with Darwen local authority area. The most recent EPC inspection was January 2011, where the current energy rating was E, and the potential energy rating was C.

50 SCHOOL LANE Sold Prices

Land registry data shows three sales for 50 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Blackburn with Darwen local authority area for the corresponding sale date. All of the three 50 SCHOOL 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
2018 13 NOV	£149,950	£87,201	72% above HPI
2011 8 JUL	£120,000	£77,171	55% above HPI
2002 25 OCT	£47,250	£35,850	32% above HPI

50 SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blackburn with Darwen local authority area over time, sourced from the HPI. The three 50 SCHOOL LANE sales between October 2002 and November 2018 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 July 2011 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the November 2018 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might 50 SCHOOL LANE be worth now?

50 SCHOOL LANE might now be worth an estimated £237,032.

This is based on house price inflation of 58.1%, between November 2018 and May 2026, for terraced houses, in the Blackburn with Darwen local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58.1% inflationary increase is applied to the most recent sale price for 50 SCHOOL LANE of £149,950 on 13th November 2018. For the value to have increased from £149,950 to £237,032 over the eight years and six months to May 2026, the following assumptions must hold true:

• The value of 50 SCHOOL LANE has moved in line with the HPI for terraced houses in the Blackburn with Darwen local authority area.
• The November 2018 sale price of £149,950 represented a fair market value for the property.
• The size, condition, and specification of 50 SCHOOL LANE has not materially changed since November 2018.

How Large is 50 SCHOOL LANE?

50 SCHOOL LANE is 92m² according to the EPC inspection conducted in January 2011. This puts it in the largest 40% of terraced houses in Blackburn, based on EPC data. The below chart shows the distribution of terraced houses by size in Blackburn, and where 50 SCHOOL LANE lies on this distribution: 64% of terraced houses are smaller than 50 SCHOOL LANE, and 35% of terraced houses are larger. Note that EPC data is not available for all properties in Blackburn.

Where is 50 SCHOOL LANE?

50 SCHOOL LANE is located in GUIDE, in the BB1 postcode district.