1, DERWENT CLOSE, RISHTON, BLACKBURN, BB1 4EJ - £222,500

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.

1 DERWENT CLOSE is a very small detached house of 74m², built sometime between 1991 and 1995, which could now be worth an estimated £276,675. It was last sold for £222,500 in May 2021, which was around 19% above the average May 2021 detached price in the Hyndburn local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

1 DERWENT CLOSE Sold Prices

Land registry data shows two sales for 1 DERWENT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Hyndburn local authority area for the corresponding sale date. Both of the two 1 DERWENT CLOSE 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
2021 10 MAY	£222,500	£186,217	19% above HPI
1998 30 MAR	£74,000	£54,409	36% above HPI

1 DERWENT CLOSE 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 1 DERWENT CLOSE sales from March 1998 and May 2021 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 March 1998 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the May 2021 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 1 DERWENT CLOSE be worth now?

1 DERWENT CLOSE might now be worth an estimated £276,675.

This is based on house price inflation of 24.3%, between May 2021 and February 2025, for detached 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 24.3% inflationary increase is applied to the most recent sale price for 1 DERWENT CLOSE of £222,500 on 10th May 2021. For the value to have increased from £222,500 to £276,675 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 1 DERWENT CLOSE has moved in line with the HPI for detached houses in the Hyndburn local authority area.
• The May 2021 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 1 DERWENT CLOSE has not materially changed since May 2021.

How Large is 1 DERWENT CLOSE?

1 DERWENT CLOSE is 74m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 20% of detached houses houses in Rishton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rishton, and where 1 DERWENT CLOSE lies on this distribution: 14% of detached houses houses are smaller than 1 DERWENT CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Rishton.

1 DERWENT CLOSE: Plot and Title Map

1 DERWENT CLOSE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 1 DERWENT CLOSE, 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 1 DERWENT CLOSE). 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 1 DERWENT CLOSE?

1 DERWENT CLOSE is located in RISHTON, in the BB1 postcode district. The below map shows the position of No. 1 on DERWENT CLOSE.