OAKDENE, PRESTON NEW ROAD, MELLOR BROOK, BLACKBURN, BB2 7PU - £450,000

OAKDENE is a midsized extended detached house of 137m², built sometime between 1976 and 1982. It was last sold for £450,000 in April 2023, which was around 41% above the average April 2023 detached price in the South Ribble local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

OAKDENE Sold Prices

Land registry data shows three sales for OAKDENE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. All of the three OAKDENE 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
2023 21 APR	£450,000	£319,284	41% above HPI
2015 26 FEB	£250,000	£224,615	11% above HPI
1998 15 JUL	£130,000	£88,956	46% above HPI

OAKDENE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The three OAKDENE sales between July 1998 and April 2023 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 February 2015 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the April 2023 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is OAKDENE?

OAKDENE is 137m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 50% of detached houses in Mellor Brook, based on EPC data. The below chart shows the distribution of detached houses by size in Mellor Brook, and where OAKDENE lies on this distribution: 48% of detached houses are smaller than OAKDENE, and 52% of houses are larger. Note that EPC data is not available for all properties in Mellor Brook.

OAKDENE: Plot and Title Map

OAKDENE sits on a plot of roughly 0.516 of an acre, or 2,090m². The below map shows the location of OAKDENE, 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 OAKDENE). 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 OAKDENE?

OAKDENE is located on PRESTON NEW ROAD in MELLOR BROOK, in the BB2 postcode district. The below map shows the position of OAKDENE on PRESTON NEW ROAD.