2, GEORGE LANE, READ, BURNLEY, BB12 7RH - £265,000

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.

2 GEORGE LANE is a very small detached house of 81m², built sometime between 1950 and 1966, which could now be worth an estimated £336,469. It was last sold for £265,000 in June 2020, which was around 24% below the average June 2020 detached price in the Ribble Valley local authority area. The most recent EPC inspection was November 2019, where the current energy rating was G, and the potential energy rating was B.

2 GEORGE LANE Sold Prices

Land registry data shows one sale for 2 GEORGE LANE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 24 JUN	£265,000	£350,588	24% below HPI

What might 2 GEORGE LANE be worth now?

2 GEORGE LANE might now be worth an estimated £336,469.

This is based on house price inflation of 27%, between June 2020 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 27% inflationary increase is applied to the most recent sale price for 2 GEORGE LANE of £265,000 on 24th June 2020. For the value to have increased from £265,000 to £336,469 over the six years and one month to May 2026, the following assumptions must hold true:

• The value of 2 GEORGE LANE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The June 2020 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GEORGE LANE has not materially changed since June 2020.

How Large is 2 GEORGE LANE?

2 GEORGE LANE is 81m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of detached houses in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where 2 GEORGE LANE lies on this distribution: 4% of detached houses are smaller than 2 GEORGE LANE, and 96% of detached houses are larger. Note that EPC data is not available for all properties in Read.

2 GEORGE LANE: Plot

2 GEORGE LANE sits on a plot of roughly 0.253 of an acre, or 1,023m².

Where is 2 GEORGE LANE?

2 GEORGE LANE is located in READ, in the BB12 postcode district.