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

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 WESTMINSTER CLOSE is a midsized extended detached house of 139m², built sometime between 1950 and 1966. It was last sold for £105,000 in August 2000, which was around 14% 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	£121,511	14% below HPI
1995 31 JUL	£88,000	£98,145	10% 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 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2000 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

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 40% 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 WESTMINSTER CLOSE lies on this distribution: 59% of detached 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.