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

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 FURNESS AVENUE is a very small detached house of 100m², built sometime between 1976 and 1982, which could now be worth an estimated £299,015. It was last sold for £252,500 in June 2018, which was around 30% 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	£358,351	30% below HPI
2016 4 AUG	£245,000	£330,081	26% 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 1 FURNESS AVENUE be worth now?

1 FURNESS AVENUE might now be worth an estimated £299,015.

This is based on house price inflation of 18.4%, between June 2018 and February 2025, 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 18.4% inflationary increase is applied to the most recent sale price for 1 FURNESS AVENUE of £252,500 on 28th June 2018. For the value to have increased from £252,500 to £299,015 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 1 FURNESS AVENUE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The June 2018 sale price of £252,500 represented a fair market value for the property.
• The size, condition, and specification of 1 FURNESS AVENUE has not materially changed since June 2018.

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 houses in Read, based on EPC data. The below chart shows the distribution of detached houses houses by size in Read, and where 1 FURNESS AVENUE lies on this distribution: 16% of detached houses 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.