12, VARLEY CLOSE, BACUP, OL13 9SH - £305,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 VARLEY CLOSE is a large extended detached house of 124m², built sometime between 1996 and 2002, which could now be worth an estimated £312,452. It was last sold for £305,000 in October 2022, which was around 6% below the average October 2022 detached price in the Rossendale local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

12 VARLEY CLOSE Sold Prices

Land registry data shows three sales for 12 VARLEY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Rossendale local authority area for the corresponding sale date. Two of the three 12 VARLEY CLOSE sales were for below the average price, whilst one 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
2022 7 OCT	£305,000	£325,266	6% below HPI
2017 12 DEC	£215,000	£227,486	5% below HPI
2009 2 JUL	£220,000	£189,241	16% above HPI

12 VARLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rossendale local authority area over time, sourced from the HPI. The three 12 VARLEY CLOSE sales between July 2009 and October 2022 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 December 2017 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the October 2022 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 12 VARLEY CLOSE be worth now?

12 VARLEY CLOSE might now be worth an estimated £312,452.

This is based on house price inflation of 2.4%, between October 2022 and December 2024, for detached houses, in the Rossendale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.4% inflationary increase is applied to the most recent sale price for 12 VARLEY CLOSE of £305,000 on 7th October 2022. For the value to have increased from £305,000 to £312,452 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of 12 VARLEY CLOSE has moved in line with the HPI for detached houses in the Rossendale local authority area.
• The October 2022 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 12 VARLEY CLOSE has not materially changed since October 2022.

How Large is 12 VARLEY CLOSE?

12 VARLEY CLOSE is 124m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 40% of detached houses houses in Bacup, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bacup, and where 12 VARLEY CLOSE lies on this distribution: 65% of detached houses houses are smaller than 12 VARLEY CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Bacup.

12 VARLEY CLOSE: Plot and Title Map

12 VARLEY CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 12 VARLEY 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 VARLEY 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 VARLEY CLOSE?

12 VARLEY CLOSE is located in BACUP, in the OL13 postcode district. The below map shows the position of No. 12 on VARLEY CLOSE.