28, STRAITS LANE, READ, BURNLEY, BB12 7PQ - £397,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

28 STRAITS LANE is a very large extended detached house of 223m², built sometime between 1930 and 1949. It was last sold for £397,000 in October 2019, which was around 19% above the average October 2019 detached price in the Ribble Valley local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was C.

28 STRAITS LANE Sold Prices

Land registry data shows two sales for 28 STRAITS 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 28 STRAITS 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
2019 21 OCT	£397,000	£334,462	19% above HPI
2005 29 JUL	£339,000	£275,158	23% above HPI

28 STRAITS 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 28 STRAITS LANE sales from July 2005 and October 2019 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 2005 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the October 2019 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 28 STRAITS LANE?

28 STRAITS LANE is 223m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 10% of detached houses in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where 28 STRAITS LANE lies on this distribution: 94% of detached houses are smaller than 28 STRAITS LANE, and 5% of houses are larger. Note that EPC data is not available for all properties in Read.

28 STRAITS LANE: Plot and Title Map

28 STRAITS LANE sits on a plot of roughly 0.163 of an acre, or 661m². The below map shows the location of 28 STRAITS 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 STRAITS 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 STRAITS LANE?

28 STRAITS LANE is located in READ, in the BB12 postcode district. The below map shows the position of No. 28 on STRAITS LANE.