7, PARKES WAY, BLACKBURN, BB2 4FH - £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.

7 PARKES WAY is a very small detached house of 70m², built sometime between 2003 and 2006, which could now be worth an estimated £249,110. It was last sold for £185,000 in February 2021, which was around 16% below the average February 2021 detached price in the Blackburn with Darwen local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

7 PARKES WAY Sold Prices

Land registry data shows three sales for 7 PARKES WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Blackburn with Darwen local authority area for the corresponding sale date. Two of the three 7 PARKES WAY sales were for below the average price, whilst one was 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 10 FEB	£185,000	£219,546	16% below HPI
2015 21 MAR	£138,000	£168,378	18% below HPI
2003 29 AUG	£118,995	£107,226	11% above HPI

7 PARKES WAY 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 7 PARKES WAY sales between August 2003 and February 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 March 2015 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2021 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 7 PARKES WAY be worth now?

7 PARKES WAY might now be worth an estimated £249,110.

This is based on house price inflation of 34.7%, between February 2021 and May 2026, for detached 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 34.7% inflationary increase is applied to the most recent sale price for 7 PARKES WAY of £185,000 on 10th February 2021. For the value to have increased from £185,000 to £249,110 over the four years and nine months to May 2026, the following assumptions must hold true:

• The value of 7 PARKES WAY has moved in line with the HPI for detached houses in the Blackburn with Darwen local authority area.
• The February 2021 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PARKES WAY has not materially changed since February 2021.

How Large is 7 PARKES WAY?

7 PARKES WAY is 70m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% of detached houses houses in Blackburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Blackburn, and where 7 PARKES WAY lies on this distribution: 3% of detached houses houses are smaller than 7 PARKES WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Blackburn.

7 PARKES WAY: Plot and Title Map

7 PARKES WAY sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 7 PARKES WAY, 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 7 PARKES WAY). 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 7 PARKES WAY?

7 PARKES WAY is located in BLACKBURN, in the BB2 postcode district. The below map shows the position of No. 7 on PARKES WAY.