166, WILLOWS LANE, ACCRINGTON, BB5 0LN - £17,500

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.

166 WILLOWS LANE is a very large extended terraced house of 115m², built sometime between 1900 and 1929, which could now be worth an estimated £85,504. It was last sold for £17,500 in May 2001, which was around 29% below the average May 2001 terraced price in the Hyndburn local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

166 WILLOWS LANE Sold Prices

Land registry data shows two sales for 166 WILLOWS LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Hyndburn local authority area for the corresponding sale date. One of the two 166 WILLOWS LANE sales was for below the average price, whilst the other 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
2001 4 MAY	£17,500	£24,628	29% below HPI
1997 25 APR	£28,500	£24,742	15% above HPI

166 WILLOWS LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hyndburn local authority area over time, sourced from the HPI. The two 166 WILLOWS LANE sales from April 1997 and May 2001 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 April 1997 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2001 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 166 WILLOWS LANE be worth now?

166 WILLOWS LANE might now be worth an estimated £85,504.

This is based on house price inflation of 388.6%, between May 2001 and May 2026, for terraced houses, in the Hyndburn local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 388.6% inflationary increase is applied to the most recent sale price for 166 WILLOWS LANE of £17,500 on 4th May 2001. For the value to have increased from £17,500 to £85,504 over the 25 years to May 2026, the following assumptions must hold true:

• The value of 166 WILLOWS LANE has moved in line with the HPI for terraced houses in the Hyndburn local authority area.
• The May 2001 sale price of £17,500 represented a fair market value for the property.
• The size, condition, and specification of 166 WILLOWS LANE has not materially changed since May 2001.

How Large is 166 WILLOWS LANE?

166 WILLOWS LANE is 115m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the largest 20% of terraced houses in Accrington, based on EPC data. The below chart shows the distribution of terraced houses by size in Accrington, and where 166 WILLOWS LANE lies on this distribution: 89% of terraced houses are smaller than 166 WILLOWS LANE, and 11% of terraced houses are larger. Note that EPC data is not available for all properties in Accrington.

Where is 166 WILLOWS LANE?

166 WILLOWS LANE is located in ACCRINGTON, in the BB5 postcode district.