RAKE BOTTOM COTTAGE, GEORGE LANE, READ, BURNLEY, BB12 7RD - £322,500

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.

RAKE BOTTOM COTTAGE is a small extended semi-detached house of 114m², built sometime before 1900, which could now be worth an estimated £421,022. It was last sold for £322,500 in July 2016, which was around 56% above the average July 2016 semi-detached price in the Ribble Valley local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was D.

RAKE BOTTOM COTTAGE Sold Prices

Land registry data shows four sales for RAKE BOTTOM COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Ribble Valley local authority area for the corresponding sale date. All of the four RAKE BOTTOM COTTAGE 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
2016 15 JUL	£322,500	£207,075	56% above HPI
2010 2 JUL	£372,500	£193,627	92% above HPI
2007 7 DEC	£275,000	£219,288	25% above HPI
1998 5 NOV	£82,000	£71,257	15% above HPI

RAKE BOTTOM COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The four RAKE BOTTOM COTTAGE sales between November 1998 and July 2016 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 2010 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the July 2016 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might RAKE BOTTOM COTTAGE be worth now?

RAKE BOTTOM COTTAGE might now be worth an estimated £421,022.

This is based on house price inflation of 30.5%, between July 2016 and June 2025, for semi-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 30.5% inflationary increase is applied to the most recent sale price for RAKE BOTTOM COTTAGE of £322,500 on 15th July 2016. For the value to have increased from £322,500 to £421,022 over the nine years and one month to June 2025, the following assumptions must hold true:

• The value of RAKE BOTTOM COTTAGE has moved in line with the HPI for semi-detached houses in the Ribble Valley local authority area.
• The July 2016 sale price of £322,500 represented a fair market value for the property.
• The size, condition, and specification of RAKE BOTTOM COTTAGE has not materially changed since July 2016.

How Large is RAKE BOTTOM COTTAGE?

RAKE BOTTOM COTTAGE is 114m², which includes one extension, according to the EPC inspection conducted in September 2009. This puts it in the smallest 40% of semi-detached houses houses in Read, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Read, and where RAKE BOTTOM COTTAGE lies on this distribution: 31% of semi-detached houses houses are smaller than RAKE BOTTOM COTTAGE, and 69% of houses are larger. Note that EPC data is not available for all properties in Read.

RAKE BOTTOM COTTAGE: Plot and Title Map

RAKE BOTTOM COTTAGE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of RAKE BOTTOM COTTAGE, 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 RAKE BOTTOM COTTAGE). 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 RAKE BOTTOM COTTAGE?

RAKE BOTTOM COTTAGE is located on GEORGE LANE in READ, in the BB12 postcode district. The below map shows the position of RAKE BOTTOM COTTAGE on GEORGE LANE.