1, FURNESS AVENUE, SIMONSTONE, BURNLEY, BB12 7SU - £252,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 FURNESS AVENUE is a very small detached house of 100m², built sometime between 1976 and 1982. It was last sold for £252,500 in June 2018, which was around 26% below the average June 2018 detached price in the Ribble Valley local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

1 FURNESS AVENUE Sold Prices

Land registry data shows two sales for 1 FURNESS AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. Both of the two 1 FURNESS AVENUE 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
2018 28 JUN	£252,500	£339,102	26% below HPI
2016 4 AUG	£245,000	£312,350	22% below HPI

1 FURNESS AVENUE 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 two 1 FURNESS AVENUE sales from August 2016 and June 2018 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 August 2016 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2018 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 1 FURNESS AVENUE?

1 FURNESS AVENUE is 100m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 20% of detached houses in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where 1 FURNESS AVENUE lies on this distribution: 17% of detached houses are smaller than 1 FURNESS AVENUE, and 83% of houses are larger. Note that EPC data is not available for all properties in Read.

1 FURNESS AVENUE: Plot and Title Map

1 FURNESS AVENUE sits on a plot of roughly 0.141 of an acre, or 569m². The below map shows the location of 1 FURNESS AVENUE, 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 FURNESS AVENUE). 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 FURNESS AVENUE?

1 FURNESS AVENUE is located in SIMONSTONE, in the BB12 postcode district. The below map shows the position of No. 1 on FURNESS AVENUE.