32, STRAITS LANE, READ, BURNLEY, BB12 7PQ - £455,000

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

32 STRAITS LANE is a large extended detached house of 142m², built sometime between 1967 and 1975. It was last sold for £455,000 in February 2021, which was around 30% above the average February 2021 detached price in the Ribble Valley local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was C.

32 STRAITS LANE Sold Prices

Land registry data shows three sales for 32 STRAITS LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. All of the three 32 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
2021 19 FEB	£455,000	£349,162	30% above HPI
2010 30 NOV	£346,000	£308,648	12% above HPI
1996 16 AUG	£109,000	£95,322	14% above HPI

32 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 three 32 STRAITS LANE sales between August 1996 and February 2021 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 November 2010 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the February 2021 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 32 STRAITS LANE?

32 STRAITS LANE is 142m², which includes one extension, according to the EPC inspection conducted in September 2010. This puts it in the largest 40% of detached houses in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where 32 STRAITS LANE lies on this distribution: 63% of detached houses are smaller than 32 STRAITS LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Read.

32 STRAITS LANE: Plot and Title Map

32 STRAITS LANE sits on a plot of roughly 0.219 of an acre, or 886m². The below map shows the location of 32 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 32 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 32 STRAITS LANE?

32 STRAITS LANE is located in READ, in the BB12 postcode district. The below map shows the position of No. 32 on STRAITS LANE.