2, PATRICK AVENUE, READ, BURNLEY, BB12 7QQ - £270,000

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

2 PATRICK AVENUE is a midsized detached house of 122m², built sometime between 1950 and 1966. It was last sold for £270,000 in July 2015, which was around 10% below the average July 2015 detached price in the Ribble Valley local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

2 PATRICK AVENUE Sold Prices

Land registry data shows two sales for 2 PATRICK AVENUE 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. One of the two 2 PATRICK AVENUE sales was for below the average price, whilst the other was 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 31 JUL	£270,000	£301,044	10% below HPI
1997 31 OCT	£109,000	£104,991	4% above HPI

2 PATRICK AVENUE 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 PATRICK AVENUE sales from October 1997 and July 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 October 1997 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the July 2015 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 2 PATRICK AVENUE?

2 PATRICK AVENUE is 122m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 50% of detached houses in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where 2 PATRICK AVENUE lies on this distribution: 41% of detached houses are smaller than 2 PATRICK AVENUE, and 59% of houses are larger. Note that EPC data is not available for all properties in Read.

2 PATRICK AVENUE: Plot and Title Map

2 PATRICK AVENUE sits on a plot of roughly 0.169 of an acre, or 684m². The below map shows the location of 2 PATRICK AVENUE, 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 PATRICK AVENUE). 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 PATRICK AVENUE?

2 PATRICK AVENUE is located in READ, in the BB12 postcode district. The below map shows the position of No. 2 on PATRICK AVENUE.