12, VICTORIA LODGE, READ, BURNLEY, BB12 7SZ - £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 VICTORIA LODGE is a very small extended detached house of 72m², built sometime between 1991 and 1995, which could now be worth an estimated £258,508. It was last sold for £225,000 in June 2021, which was around 39% below the average June 2021 detached price in the Ribble Valley local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

12 VICTORIA LODGE Sold Prices

Land registry data shows five sales for 12 VICTORIA LODGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. All of the five 12 VICTORIA LODGE 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
2021 30 JUN	£225,000	£369,359	39% below HPI
2016 15 JUL	£182,500	£337,586	46% below HPI
2006 31 MAR	£166,500	£284,179	41% below HPI
2005 9 DEC	£164,950	£291,362	43% below HPI
2000 24 FEB	£67,000	£122,321	45% below HPI

12 VICTORIA LODGE 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 five 12 VICTORIA LODGE sales between February 2000 and June 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 July 2016 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the June 2021 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 12 VICTORIA LODGE be worth now?

12 VICTORIA LODGE might now be worth an estimated £258,508.

This is based on house price inflation of 14.9%, between June 2021 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 14.9% inflationary increase is applied to the most recent sale price for 12 VICTORIA LODGE of £225,000 on 30th June 2021. For the value to have increased from £225,000 to £258,508 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 12 VICTORIA LODGE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The June 2021 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 12 VICTORIA LODGE has not materially changed since June 2021.

How Large is 12 VICTORIA LODGE?

12 VICTORIA LODGE is 72m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the smallest 10% 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 12 VICTORIA LODGE lies on this distribution: 3% of detached houses houses are smaller than 12 VICTORIA LODGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Read.

12 VICTORIA LODGE: Plot and Title Map

12 VICTORIA LODGE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 12 VICTORIA LODGE, 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 VICTORIA LODGE). 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 VICTORIA LODGE?

12 VICTORIA LODGE is located in READ, in the BB12 postcode district. The below map shows the position of No. 12 on VICTORIA LODGE.