12, BANKS BRIDGE CLOSE, BARNOLDSWICK, BB18 6YP - £225,000

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.

12 BANKS BRIDGE CLOSE is a small extended detached house of 78m², built sometime between 1996 and 2002, which could now be worth an estimated £237,898. It was last sold for £225,000 in July 2023, which was around 13% below the average July 2023 detached price in the Pendle local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

12 BANKS BRIDGE CLOSE Sold Prices

Land registry data shows two sales for 12 BANKS BRIDGE 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 Pendle local authority area for the corresponding sale date. One of the two 12 BANKS BRIDGE CLOSE sales was for below the average price, whilst the other was 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
2023 28 JUL	£225,000	£258,885	13% below HPI
1998 27 APR	£76,950	£61,030	26% above HPI

12 BANKS BRIDGE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Pendle local authority area over time, sourced from the HPI. The two 12 BANKS BRIDGE CLOSE sales from April 1998 and July 2023 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 April 1998 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the July 2023 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 12 BANKS BRIDGE CLOSE be worth now?

12 BANKS BRIDGE CLOSE might now be worth an estimated £237,898.

This is based on house price inflation of 5.7%, between July 2023 and February 2025, for detached houses, in the Pendle local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.7% inflationary increase is applied to the most recent sale price for 12 BANKS BRIDGE CLOSE of £225,000 on 28th July 2023. For the value to have increased from £225,000 to £237,898 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 12 BANKS BRIDGE CLOSE has moved in line with the HPI for detached houses in the Pendle local authority area.
• The July 2023 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 12 BANKS BRIDGE CLOSE has not materially changed since July 2023.

How Large is 12 BANKS BRIDGE CLOSE?

12 BANKS BRIDGE CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 30% of detached houses houses in Barnoldswick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Barnoldswick, and where 12 BANKS BRIDGE CLOSE lies on this distribution: 23% of detached houses houses are smaller than 12 BANKS BRIDGE CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Barnoldswick.

12 BANKS BRIDGE CLOSE: Plot and Title Map

12 BANKS BRIDGE CLOSE sits on a plot of roughly 0.367 of an acre, or 1,484m². The below map shows the location of 12 BANKS BRIDGE 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 12 BANKS BRIDGE 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 12 BANKS BRIDGE CLOSE?

12 BANKS BRIDGE CLOSE is located in BARNOLDSWICK, in the BB18 postcode district. The below map shows the position of No. 12 on BANKS BRIDGE CLOSE.