38, GEORGE LANE, READ, BURNLEY, BB12 7RH - £321,000

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.

38 GEORGE LANE is a very large detached house of 432m², built in 2023, which could now be worth an estimated £338,955. It was last sold for £321,000 in August 2022, which was around 20% below the average August 2022 detached price in the Ribble Valley local authority area. The most recent EPC inspection was April 2023, where the current energy rating was B, and the potential energy rating was A.

38 GEORGE LANE Sold Prices

Land registry data shows two sales for 38 GEORGE 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 38 GEORGE LANE 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
2022 23 AUG	£321,000	£401,886	20% below HPI
2020 30 OCT	£321,000	£353,456	9% below HPI

38 GEORGE 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 38 GEORGE LANE sales from October 2020 and August 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 October 2020 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 38 GEORGE LANE be worth now?

38 GEORGE LANE might now be worth an estimated £338,955.

This is based on house price inflation of 5.6%, between August 2022 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 5.6% inflationary increase is applied to the most recent sale price for 38 GEORGE LANE of £321,000 on 23rd August 2022. For the value to have increased from £321,000 to £338,955 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 38 GEORGE LANE has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The August 2022 sale price of £321,000 represented a fair market value for the property.
• The size, condition, and specification of 38 GEORGE LANE has not materially changed since August 2022.

How Large is 38 GEORGE LANE?

38 GEORGE LANE is 432m² according to the EPC inspection conducted in April 2023. This puts it in the largest 10% 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 38 GEORGE LANE lies on this distribution: 99% of detached houses houses are smaller than 38 GEORGE LANE, and 1% of houses are larger. Note that EPC data is not available for all properties in Read.

38 GEORGE LANE: Plot and Title Map

38 GEORGE LANE sits on a plot of roughly 0.514 of an acre, or 2,080m². The below map shows the location of 38 GEORGE 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 38 GEORGE 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 38 GEORGE LANE?

38 GEORGE LANE is located in READ, in the BB12 postcode district. The below map shows the position of No. 38 on GEORGE LANE.