18, SQUARE LANE, BURSCOUGH, ORMSKIRK, L40 7RQ - £150,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

18 SQUARE LANE is a large detached house of 129m², built sometime between 1930 and 1949. It was last sold for £150,000 in December 2003, which was around 14% below the average December 2003 detached price in the West Lancashire local authority area. The most recent EPC inspection was February 2022, where the current energy rating was E, and the potential energy rating was C.

18 SQUARE LANE Sold Prices

Land registry data shows four sales for 18 SQUARE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. All of the four 18 SQUARE LANE 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
2003 8 DEC	£150,000	£174,058	14% below HPI
2001 9 AUG	£85,000	£121,270	30% below HPI
1996 13 SEP	£69,950	£88,481	21% below HPI
1995 27 MAR	£65,000	£87,587	26% below HPI

18 SQUARE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The four 18 SQUARE LANE sales between March 1995 and December 2003 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 August 2001 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2003 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 18 SQUARE LANE?

18 SQUARE LANE is 129m² according to the EPC inspection conducted in February 2022. This puts it in the largest 40% of detached houses in Burscough, based on EPC data. The below chart shows the distribution of detached houses by size in Burscough, and where 18 SQUARE LANE lies on this distribution: 65% of detached houses are smaller than 18 SQUARE LANE, and 34% of houses are larger. Note that EPC data is not available for all properties in Burscough.

18 SQUARE LANE: Plot and Title Map

18 SQUARE LANE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 18 SQUARE LANE, 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 18 SQUARE LANE). 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 18 SQUARE LANE?

18 SQUARE LANE is located in BURSCOUGH, in the L40 postcode district. The below map shows the position of No. 18 on SQUARE LANE.