20, GEORGE LANE, READ, BURNLEY, BB12 7RH - £407,000

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.

20 GEORGE LANE is a very large extended detached house of 162m², built sometime between 1950 and 1966, which could now be worth an estimated £558,092. It was last sold for £407,000 in April 2012, which was around 32% above the average April 2012 detached price in the Ribble Valley local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was D.

20 GEORGE LANE Sold Prices

Land registry data shows two sales for 20 GEORGE LANE 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 20 GEORGE LANE 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
2012 27 APR	£407,000	£309,477	32% above HPI
2001 23 MAR	£151,500	£144,253	5% above HPI

20 GEORGE LANE 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 20 GEORGE LANE sales from March 2001 and April 2012 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 March 2001 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the April 2012 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 20 GEORGE LANE be worth now?

20 GEORGE LANE might now be worth an estimated £558,092.

This is based on house price inflation of 37.1%, between April 2012 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 37.1% inflationary increase is applied to the most recent sale price for 20 GEORGE LANE of £407,000 on 27th April 2012. For the value to have increased from £407,000 to £558,092 over the thirteen years and two months to February 2025, the following assumptions must hold true:

• The value of 20 GEORGE LANE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The April 2012 sale price of £407,000 represented a fair market value for the property.
• The size, condition, and specification of 20 GEORGE LANE has not materially changed since April 2012.

How Large is 20 GEORGE LANE?

20 GEORGE LANE is 162m², which includes two extensions, according to the EPC inspection conducted in August 2015. This puts it in the largest 20% 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 20 GEORGE LANE lies on this distribution: 81% of detached houses houses are smaller than 20 GEORGE LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Read.

20 GEORGE LANE: Plot and Title Map

20 GEORGE LANE sits on a plot of roughly 0.175 of an acre, or 707m². The below map shows the location of 20 GEORGE LANE, 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 20 GEORGE LANE). 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 20 GEORGE LANE?

20 GEORGE LANE is located in READ, in the BB12 postcode district. The below map shows the position of No. 20 on GEORGE LANE.