3, BANKCROFT CLOSE, PADIHAM, BURNLEY, BB12 8SQ - £314,000

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.

3 BANKCROFT CLOSE is a small extended detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £321,745. It was last sold for £314,000 in November 2022, which was around 40% above the average November 2022 detached price in the Burnley local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was B.

3 BANKCROFT CLOSE Sold Prices

Land registry data shows two sales for 3 BANKCROFT CLOSE 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 3 BANKCROFT CLOSE 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
2022 18 NOV	£314,000	£223,635	40% above HPI
2018 3 AUG	£180,000	£161,596	11% above HPI

3 BANKCROFT CLOSE 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 3 BANKCROFT CLOSE sales from August 2018 and November 2022 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 August 2018 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the November 2022 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 3 BANKCROFT CLOSE be worth now?

3 BANKCROFT CLOSE might now be worth an estimated £321,745.

This is based on house price inflation of 2.5%, between November 2022 and February 2025, for detached houses, in the Burnley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.5% inflationary increase is applied to the most recent sale price for 3 BANKCROFT CLOSE of £314,000 on 18th November 2022. For the value to have increased from £314,000 to £321,745 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 BANKCROFT CLOSE has moved in line with the HPI for detached houses in the Burnley local authority area.
• The November 2022 sale price of £314,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BANKCROFT CLOSE has not materially changed since November 2022.

How Large is 3 BANKCROFT CLOSE?

3 BANKCROFT CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% of detached houses houses in Padiham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Padiham, and where 3 BANKCROFT CLOSE lies on this distribution: 29% of detached houses houses are smaller than 3 BANKCROFT CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Padiham.

3 BANKCROFT CLOSE: Plot and Title Map

3 BANKCROFT CLOSE sits on a plot of roughly 0.195 of an acre, or 790m². The below map shows the location of 3 BANKCROFT CLOSE, 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 3 BANKCROFT CLOSE). 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 3 BANKCROFT CLOSE?

3 BANKCROFT CLOSE is located in PADIHAM, in the BB12 postcode district. The below map shows the position of No. 3 on BANKCROFT CLOSE.