15, ELM CLOSE, RISHTON, BLACKBURN, BB1 4HN - £177,000

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.

15 ELM CLOSE is a large extended detached house of 118m², built sometime between 1976 and 1982, which could now be worth an estimated £265,502. It was last sold for £177,000 in September 2015, which was around 15% above the average September 2015 detached price in the Hyndburn local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was D.

15 ELM CLOSE Sold Prices

Land registry data shows two sales for 15 ELM 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 Hyndburn local authority area for the corresponding sale date. Both of the two 15 ELM CLOSE sales were 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
2015 25 SEP	£177,000	£154,371	15% above HPI
2003 21 NOV	£127,000	£86,962	46% above HPI

15 ELM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hyndburn local authority area over time, sourced from the HPI. The two 15 ELM CLOSE sales from November 2003 and September 2015 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 November 2003 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the September 2015 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 15 ELM CLOSE be worth now?

15 ELM CLOSE might now be worth an estimated £265,502.

This is based on house price inflation of 50%, between September 2015 and February 2025, for detached houses, in the Hyndburn local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 50% inflationary increase is applied to the most recent sale price for 15 ELM CLOSE of £177,000 on 25th September 2015. For the value to have increased from £177,000 to £265,502 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 15 ELM CLOSE has moved in line with the HPI for detached houses in the Hyndburn local authority area.
• The September 2015 sale price of £177,000 represented a fair market value for the property.
• The size, condition, and specification of 15 ELM CLOSE has not materially changed since September 2015.

How Large is 15 ELM CLOSE?

15 ELM CLOSE is 118m², which includes one extension, according to the EPC inspection conducted in April 2009. This puts it in the largest 30% of detached houses houses in Rishton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rishton, and where 15 ELM CLOSE lies on this distribution: 79% of detached houses houses are smaller than 15 ELM CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Rishton.

Where is 15 ELM CLOSE?

15 ELM CLOSE is located in RISHTON, in the BB1 postcode district. The below map shows the position of No. 15 on ELM CLOSE.