3, NOWELL GROVE, READ, BURNLEY, BB12 7PG - £262,000

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 NOWELL GROVE is a large detached house of 146m², built sometime between 1950 and 1966, which could now be worth an estimated £314,569. It was last sold for £262,000 in October 2019, which was around 26% below the average October 2019 detached price in the Ribble Valley local authority area. The most recent EPC inspection was August 2016, where the current energy rating was F, and the potential energy rating was D.

3 NOWELL GROVE Sold Prices

Land registry data shows two sales for 3 NOWELL GROVE 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 3 NOWELL GROVE 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
2019 30 OCT	£262,000	£353,448	26% below HPI
2016 14 OCT	£220,000	£331,262	34% below HPI

3 NOWELL GROVE 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 3 NOWELL GROVE sales from October 2016 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 October 2016 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2019 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 3 NOWELL GROVE be worth now?

3 NOWELL GROVE might now be worth an estimated £314,569.

This is based on house price inflation of 20.1%, between October 2019 and February 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 20.1% inflationary increase is applied to the most recent sale price for 3 NOWELL GROVE of £262,000 on 30th October 2019. For the value to have increased from £262,000 to £314,569 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 NOWELL GROVE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The October 2019 sale price of £262,000 represented a fair market value for the property.
• The size, condition, and specification of 3 NOWELL GROVE has not materially changed since October 2019.

How Large is 3 NOWELL GROVE?

3 NOWELL GROVE is 146m² according to the EPC inspection conducted in August 2016. This puts it in the largest 40% of detached houses houses in Read, based on EPC data. The below chart shows the distribution of detached houses houses by size in Read, and where 3 NOWELL GROVE lies on this distribution: 67% of detached houses houses are smaller than 3 NOWELL GROVE, and 32% of houses are larger. Note that EPC data is not available for all properties in Read.

3 NOWELL GROVE: Plot and Title Map

3 NOWELL GROVE sits on a plot of roughly 0.123 of an acre, or 496m². The below map shows the location of 3 NOWELL GROVE, 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 NOWELL GROVE). 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 NOWELL GROVE?

3 NOWELL GROVE is located in READ, in the BB12 postcode district. The below map shows the position of No. 3 on NOWELL GROVE.