12, WESTMINSTER CLOSE, SIMONSTONE, BURNLEY, BB12 7ST - £223,000

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 WESTMINSTER CLOSE is a very small extended detached house of 100m², built sometime between 1967 and 1975, which could now be worth an estimated £301,606. It was last sold for £223,000 in June 2014, which was around 29% below the average June 2014 detached price in the Ribble Valley local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

12 WESTMINSTER CLOSE Sold Prices

Land registry data shows three sales for 12 WESTMINSTER 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 Ribble Valley local authority area for the corresponding sale date. All of the three 12 WESTMINSTER CLOSE 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
2014 27 JUN	£223,000	£313,765	29% below HPI
2005 6 MAY	£215,000	£280,058	23% below HPI
1996 21 JUN	£75,000	£99,829	25% below HPI

12 WESTMINSTER CLOSE 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 three 12 WESTMINSTER CLOSE sales between June 1996 and June 2014 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 May 2005 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2014 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 12 WESTMINSTER CLOSE be worth now?

12 WESTMINSTER CLOSE might now be worth an estimated £301,606.

This is based on house price inflation of 35.2%, between June 2014 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 35.2% inflationary increase is applied to the most recent sale price for 12 WESTMINSTER CLOSE of £223,000 on 27th June 2014. For the value to have increased from £223,000 to £301,606 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 12 WESTMINSTER CLOSE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The June 2014 sale price of £223,000 represented a fair market value for the property.
• The size, condition, and specification of 12 WESTMINSTER CLOSE has not materially changed since June 2014.

How Large is 12 WESTMINSTER CLOSE?

12 WESTMINSTER CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in January 2014. 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 12 WESTMINSTER CLOSE lies on this distribution: 16% of detached houses houses are smaller than 12 WESTMINSTER CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Read.

12 WESTMINSTER CLOSE: Plot and Title Map

12 WESTMINSTER CLOSE sits on a plot of roughly 0.095 of an acre, or 383m². The below map shows the location of 12 WESTMINSTER 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 WESTMINSTER 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 WESTMINSTER CLOSE?

12 WESTMINSTER CLOSE is located in SIMONSTONE, in the BB12 postcode district. The below map shows the position of No. 12 on WESTMINSTER CLOSE.