24, HOB GREEN, MELLOR, BLACKBURN, BB2 7EP - £285,000

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.

24 HOB GREEN is a very small detached house of 79m², built sometime between 1950 and 1966, which could now be worth an estimated £347,439. It was last sold for £285,000 in March 2020, which was around 20% below the average March 2020 detached price in the Ribble Valley local authority area. The most recent EPC inspection was January 2020, where the current energy rating was F, and the potential energy rating was B.

24 HOB GREEN Sold Prices

Land registry data shows three sales for 24 HOB GREEN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. All of the three 24 HOB GREEN 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
2020 9 MAR	£285,000	£357,262	20% below HPI
2003 23 MAY	£149,000	£193,399	23% below HPI
1998 15 MAY	£80,000	£111,026	28% below HPI

24 HOB GREEN 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 three 24 HOB GREEN sales between May 1998 and March 2020 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 May 2003 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the March 2020 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 24 HOB GREEN be worth now?

24 HOB GREEN might now be worth an estimated £347,439.

This is based on house price inflation of 21.9%, between March 2020 and March 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 21.9% inflationary increase is applied to the most recent sale price for 24 HOB GREEN of £285,000 on 9th March 2020. For the value to have increased from £285,000 to £347,439 over the five years to March 2025, the following assumptions must hold true:

• The value of 24 HOB GREEN has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The March 2020 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 24 HOB GREEN has not materially changed since March 2020.

How Large is 24 HOB GREEN?

24 HOB GREEN is 79m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 20% of detached houses houses in Mellor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mellor, and where 24 HOB GREEN lies on this distribution: 14% of detached houses houses are smaller than 24 HOB GREEN, and 86% of houses are larger. Note that EPC data is not available for all properties in Mellor.

24 HOB GREEN: Plot and Title Map

24 HOB GREEN sits on a plot of roughly 0.144 of an acre, or 584m². The below map shows the location of 24 HOB GREEN, 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 24 HOB GREEN). 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 24 HOB GREEN?

24 HOB GREEN is located in MELLOR, in the BB2 postcode district. The below map shows the position of No. 24 on HOB GREEN.