11, STRAITS LANE, READ, BURNLEY, BB12 7PE - £160,000

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.

11 STRAITS LANE is a large extended terraced house of 97m², built sometime before 1900, which could now be worth an estimated £163,373. It was last sold for £160,000 in May 2025, which was around 18% below the average May 2025 terraced price in the Ribble Valley local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

11 STRAITS LANE Sold Prices

Land registry data shows three sales for 11 STRAITS 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 Ribble Valley local authority area for the corresponding sale date. All of the three 11 STRAITS LANE sales were for below 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
2025 30 MAY	£160,000	£196,124	18% below HPI
2017 17 NOV	£150,000	£153,684	2% below HPI
2016 7 SEP	£120,000	£150,627	20% below HPI

11 STRAITS LANE 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 11 STRAITS LANE sales between September 2016 and May 2025 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 November 2017 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2025 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 11 STRAITS LANE be worth now?

11 STRAITS LANE might now be worth an estimated £163,373.

This is based on house price inflation of 2.1%, between May 2025 and May 2026, for terraced 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 2.1% inflationary increase is applied to the most recent sale price for 11 STRAITS LANE of £160,000 on 30th May 2025. For the value to have increased from £160,000 to £163,373 over the one year to May 2026, the following assumptions must hold true:

• The value of 11 STRAITS LANE has moved in line with the HPI for terraced houses in the Ribble Valley local authority area.
• The May 2025 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 11 STRAITS LANE has not materially changed since May 2025.

How Large is 11 STRAITS LANE?

11 STRAITS LANE is 97m², which includes one extension, according to the EPC inspection conducted in February 2023. This puts it in the largest 30% of terraced houses in Read, based on EPC data. The below chart shows the distribution of terraced houses by size in Read, and where 11 STRAITS LANE lies on this distribution: 71% of terraced houses are smaller than 11 STRAITS LANE, and 26% of terraced houses are larger. Note that EPC data is not available for all properties in Read.

Where is 11 STRAITS LANE?

11 STRAITS LANE is located in READ, in the BB12 postcode district.