28, RAVENOAK LANE, WORSTHORNE, BURNLEY, BB10 3NZ - £220,000

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

28 RAVENOAK LANE is a very small detached house of 83m², built sometime between 1967 and 1975. It was last sold for £220,000 in May 2015, which was around 63% above the average May 2015 detached price in the Burnley local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

28 RAVENOAK LANE Sold Prices

Land registry data shows two sales for 28 RAVENOAK 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 Burnley local authority area for the corresponding sale date. Both of the two 28 RAVENOAK 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
2015 29 MAY	£220,000	£135,200	63% above HPI
2003 30 APR	£185,000	£75,118	146% above HPI

28 RAVENOAK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Burnley local authority area over time, sourced from the HPI. The two 28 RAVENOAK LANE sales from April 2003 and May 2015 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 April 2003 sale was for 146% above the HPI. So the extrapolation line tracks at 146% above the HPI over time, until the May 2015 sale, where it falls to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is 28 RAVENOAK LANE?

28 RAVENOAK LANE is 83m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 20% of detached houses in Worsthorne, based on EPC data. The below chart shows the distribution of detached houses by size in Worsthorne, and where 28 RAVENOAK LANE lies on this distribution: 11% of detached houses are smaller than 28 RAVENOAK LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Worsthorne.

28 RAVENOAK LANE: Plot and Title Map

28 RAVENOAK LANE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 28 RAVENOAK 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 28 RAVENOAK 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 28 RAVENOAK LANE?

28 RAVENOAK LANE is located in WORSTHORNE, in the BB10 postcode district. The below map shows the position of No. 28 on RAVENOAK LANE.