3, OAK CLOSE, WHALLEY, CLITHEROE, BB7 9XF - £460,000

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 OAK CLOSE is a very large detached house of 220m², built sometime between 1996 and 2002, which could now be worth an estimated £600,738. It was last sold for £460,000 in February 2016, which was around 42% above the average February 2016 detached price in the Ribble Valley local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

3 OAK CLOSE Sold Prices

Land registry data shows two sales for 3 OAK 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 Ribble Valley local authority area for the corresponding sale date. Both of the two 3 OAK 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
2016 2 FEB	£460,000	£324,947	42% above HPI
2004 6 AUG	£350,000	£256,965	36% above HPI

3 OAK CLOSE 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 OAK CLOSE sales from August 2004 and February 2016 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 2004 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the February 2016 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 3 OAK CLOSE be worth now?

3 OAK CLOSE might now be worth an estimated £600,738.

This is based on house price inflation of 30.6%, between February 2016 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 30.6% inflationary increase is applied to the most recent sale price for 3 OAK CLOSE of £460,000 on 2nd February 2016. For the value to have increased from £460,000 to £600,738 over the nine years to February 2025, the following assumptions must hold true:

• The value of 3 OAK CLOSE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The February 2016 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OAK CLOSE has not materially changed since February 2016.

How Large is 3 OAK CLOSE?

3 OAK CLOSE is 220m² according to the EPC inspection conducted in August 2015. This puts it in the largest 10% of detached houses houses in Nethertown, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nethertown, and where 3 OAK CLOSE lies on this distribution: 93% of detached houses houses are smaller than 3 OAK CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Nethertown.

3 OAK CLOSE: Plot and Title Map

3 OAK CLOSE sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 3 OAK 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 OAK 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 OAK CLOSE?

3 OAK CLOSE is located in WHALLEY, in the BB7 postcode district. The below map shows the position of No. 3 on OAK CLOSE.