2, WESTMINSTER CLOSE, SIMONSTONE, BURNLEY, BB12 7ST - £105,000

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 WESTMINSTER CLOSE is a midsized extended detached house of 139m², built sometime between 1950 and 1966, which could now be worth an estimated £347,003. It was last sold for £105,000 in August 2000, which was around 18% below the average August 2000 detached price in the Ribble Valley local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was A.

2 WESTMINSTER CLOSE Sold Prices

Land registry data shows two sales for 2 WESTMINSTER 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 WESTMINSTER CLOSE 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
2000 29 AUG	£105,000	£128,409	18% below HPI
1995 31 JUL	£88,000	£103,717	15% below HPI

2 WESTMINSTER 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 WESTMINSTER CLOSE sales from July 1995 and August 2000 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 July 1995 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the August 2000 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 2 WESTMINSTER CLOSE be worth now?

2 WESTMINSTER CLOSE might now be worth an estimated £347,003.

This is based on house price inflation of 230.5%, between August 2000 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 230.5% inflationary increase is applied to the most recent sale price for 2 WESTMINSTER CLOSE of £105,000 on 29th August 2000. For the value to have increased from £105,000 to £347,003 over the 25 years and six months to February 2025, the following assumptions must hold true:

• The value of 2 WESTMINSTER CLOSE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The August 2000 sale price of £105,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WESTMINSTER CLOSE has not materially changed since August 2000.

How Large is 2 WESTMINSTER CLOSE?

2 WESTMINSTER CLOSE is 139m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 50% of detached houses houses in Read, based on EPC data. The below chart shows the distribution of detached houses houses by size in Read, and where 2 WESTMINSTER CLOSE lies on this distribution: 59% of detached houses houses are smaller than 2 WESTMINSTER CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Read.

2 WESTMINSTER CLOSE: Plot and Title Map

2 WESTMINSTER CLOSE sits on a plot of roughly 0.187 of an acre, or 756m². The below map shows the location of 2 WESTMINSTER 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 WESTMINSTER 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 WESTMINSTER CLOSE?

2 WESTMINSTER CLOSE is located in SIMONSTONE, in the BB12 postcode district. The below map shows the position of No. 2 on WESTMINSTER CLOSE.