12, VICTORIA LODGE, READ, BURNLEY, BB12 7SZ - £225,000

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

12 VICTORIA LODGE is a very small extended detached house of 72m², built sometime between 1991 and 1995. It was last sold for £225,000 in June 2021, which was around 36% 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	£349,518	36% below HPI
2016 15 JUL	£182,500	£319,452	43% below HPI
2006 31 MAR	£166,500	£268,914	38% below HPI
2005 9 DEC	£164,950	£275,711	40% below HPI
2000 24 FEB	£67,000	£115,750	42% 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 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the June 2021 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

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 in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where 12 VICTORIA LODGE lies on this distribution: 3% of detached 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.