2, LANESIDE CLOSE, WHALLEY, CLITHEROE, BB7 9XE - £480,000

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.

2 LANESIDE CLOSE is a midsized detached house of 163m², built sometime between 1996 and 2002, which could now be worth an estimated £642,957. It was last sold for £480,000 in August 2014, which was around 52% above the average August 2014 detached price in the Ribble Valley local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was C.

2 LANESIDE CLOSE Sold Prices

Land registry data shows two sales for 2 LANESIDE 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 Ribble Valley local authority area for the corresponding sale date. Both of the two 2 LANESIDE 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
2014 12 AUG	£480,000	£316,810	52% above HPI
2004 16 DEC	£394,950	£267,239	48% above HPI

2 LANESIDE 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 two 2 LANESIDE CLOSE sales from December 2004 and August 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 December 2004 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the August 2014 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might 2 LANESIDE CLOSE be worth now?

2 LANESIDE CLOSE might now be worth an estimated £642,957.

This is based on house price inflation of 33.9%, between August 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 33.9% inflationary increase is applied to the most recent sale price for 2 LANESIDE CLOSE of £480,000 on 12th August 2014. For the value to have increased from £480,000 to £642,957 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 2 LANESIDE CLOSE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The August 2014 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LANESIDE CLOSE has not materially changed since August 2014.

How Large is 2 LANESIDE CLOSE?

2 LANESIDE CLOSE is 163m² according to the EPC inspection conducted in August 2014. This puts it in the largest 50% of detached houses houses in Nethertown, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nethertown, and where 2 LANESIDE CLOSE lies on this distribution: 56% of detached houses houses are smaller than 2 LANESIDE CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Nethertown.

2 LANESIDE CLOSE: Plot and Title Map

2 LANESIDE CLOSE sits on a plot of roughly 0.156 of an acre, or 633m². The below map shows the location of 2 LANESIDE 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 2 LANESIDE 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 2 LANESIDE CLOSE?

2 LANESIDE CLOSE is located in WHALLEY, in the BB7 postcode district. The below map shows the position of No. 2 on LANESIDE CLOSE.