2, STAVELEY CLOSE, BACUP, OL13 9QN - £125,000

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 STAVELEY CLOSE is a very small semi-detached house of 82m², built sometime between 2007 and 2011, which could now be worth an estimated £146,268. It was last sold for £125,000 in March 2022, which was around 29% below the average March 2022 semi-detached price in the Rossendale local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

2 STAVELEY CLOSE Sold Prices

Land registry data shows three sales for 2 STAVELEY CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Rossendale local authority area for the corresponding sale date. Two of the three 2 STAVELEY CLOSE sales were for below the average price, whilst one 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
2022 7 MAR	£125,000	£175,962	29% below HPI
2009 23 DEC	£43,200	£116,264	63% below HPI
2008 19 SEP	£144,995	£121,054	20% above HPI

2 STAVELEY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Rossendale local authority area over time, sourced from the HPI. The three 2 STAVELEY CLOSE sales between September 2008 and March 2022 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 2009 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the March 2022 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 2 STAVELEY CLOSE be worth now?

2 STAVELEY CLOSE might now be worth an estimated £146,268.

This is based on house price inflation of 17%, between March 2022 and February 2025, for semi-detached houses, in the Rossendale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17% inflationary increase is applied to the most recent sale price for 2 STAVELEY CLOSE of £125,000 on 7th March 2022. For the value to have increased from £125,000 to £146,268 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 2 STAVELEY CLOSE has moved in line with the HPI for semi-detached houses in the Rossendale local authority area.
• The March 2022 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 2 STAVELEY CLOSE has not materially changed since March 2022.

How Large is 2 STAVELEY CLOSE?

2 STAVELEY CLOSE is 82m² according to the EPC inspection conducted in April 2021. This puts it in the smallest 20% of semi-detached houses houses in Bacup, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bacup, and where 2 STAVELEY CLOSE lies on this distribution: 18% of semi-detached houses houses are smaller than 2 STAVELEY CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Bacup.

2 STAVELEY CLOSE: Plot and Title Map

2 STAVELEY CLOSE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 2 STAVELEY 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 STAVELEY 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 STAVELEY CLOSE?

2 STAVELEY CLOSE is located in BACUP, in the OL13 postcode district. The below map shows the position of No. 2 on STAVELEY CLOSE.