LOWOOD, WHINS LANE, READ, BURNLEY, BB12 7RB - £1,000,000

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.

LOWOOD is a very large extended detached house of 380m², built sometime between 1930 and 1949, which could now be worth an estimated £1,289,596. It was last sold for £1,000,000 in November 2007, which was around 190% above the average November 2007 detached price in the Ribble Valley local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

LOWOOD Sold Prices

Land registry data shows three sales for LOWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. All of the three LOWOOD 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
2007 30 NOV	£1,000,000	£345,178	190% above HPI
2001 10 AUG	£245,000	£151,868	61% above HPI
1997 28 NOV	£177,000	£111,864	58% above HPI

LOWOOD 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 three LOWOOD sales between November 1997 and November 2007 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 August 2001 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the November 2007 sale, where it rises to 190% above the HPI. The line then continues to track at 190% above the HPI.

What might LOWOOD be worth now?

LOWOOD might now be worth an estimated £1,289,596.

This is based on house price inflation of 29%, between November 2007 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 29% inflationary increase is applied to the most recent sale price for LOWOOD of £1,000,000 on 30th November 2007. For the value to have increased from £1,000,000 to £1,289,596 over the nineteen years and six months to May 2026, the following assumptions must hold true:

• The value of LOWOOD has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The November 2007 sale price of £1,000,000 represented a fair market value for the property.
• The size, condition, and specification of LOWOOD has not materially changed since November 2007.

How Large is LOWOOD?

LOWOOD is 380m², which includes two extensions, according to the EPC inspection conducted in February 2022. 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 LOWOOD lies on this distribution: 99% of detached houses houses are smaller than LOWOOD, and 1% of houses are larger. Note that EPC data is not available for all properties in Read.

LOWOOD: Plot and Title Map

LOWOOD sits on a plot of roughly 0.346 of an acre, or 1,399m². The below map shows the location of LOWOOD, 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 LOWOOD). 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 LOWOOD?

LOWOOD is located on WHINS LANE in READ, in the BB12 postcode district. The below map shows the position of LOWOOD on WHINS LANE.