FLAT 2, 1, GEORGE LANE, READ, BURNLEY, BB12 7SD - £120,000

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.

FLAT 2 1 GEORGE LANE is a very small flat of 45m², built sometime between 1996 and 2002, which could now be worth an estimated £123,482. It was last sold for £120,000 in June 2022, which was around 21% below the average June 2022 flat price in the Ribble Valley local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was C.

FLAT 2 1 GEORGE LANE Sold Prices

Land registry data shows one sale for FLAT 2 1 GEORGE LANE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average flat 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
2022 14 JUN	£120,000	£152,390	21% below HPI

What might FLAT 2 1 GEORGE LANE be worth now?

FLAT 2 1 GEORGE LANE might now be worth an estimated £123,482.

This is based on house price inflation of 2.9%, between June 2022 and May 2026, for flats, 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 2.9% inflationary increase is applied to the most recent sale price for FLAT 2 1 GEORGE LANE of £120,000 on 14th June 2022. For the value to have increased from £120,000 to £123,482 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of FLAT 2 1 GEORGE LANE has moved in line with the HPI for flats in the Ribble Valley local authority area.
• The June 2022 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT 2 1 GEORGE LANE has not materially changed since June 2022.

How Large is FLAT 2 1 GEORGE LANE?

FLAT 2 1 GEORGE LANE is 45m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of flats in Read, based on EPC data. Less than 1% of flats are smaller than FLAT 2 1 GEORGE LANE, and more than 99% of flats are larger. Note that EPC data is not available for all properties in Read.

FLAT 2 1 GEORGE LANE: Plot

FLAT 2 1 GEORGE LANE sits on a plot of roughly 0.086 of an acre, or 347m².

Where is FLAT 2 1 GEORGE LANE?

FLAT 2, 1 GEORGE LANE is located in READ, in the BB12 postcode district.