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

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

20 GEORGE LANE is a very large extended detached house of 162m², built sometime between 1950 and 1966. It was last sold for £407,000 in April 2012, which was around 39% 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	£292,853	39% above HPI
2001 23 MAR	£151,500	£136,504	11% 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 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the April 2012 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

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 in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where 20 GEORGE LANE lies on this distribution: 81% of detached houses are smaller than 20 GEORGE LANE, and 17% 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.