38B, MILL LANE, BURSCOUGH, ORMSKIRK, L40 5TJ - £270,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

38B MILL LANE is a large detached house of 131m², built sometime between 2007 and 2011, which could now be worth an estimated £395,073. It was last sold for £270,000 in November 2015, which was around 7% above the average November 2015 detached price in the West Lancashire local authority area. The most recent EPC inspection was December 2024, where the current energy rating was C, and the potential energy rating was B.

38B MILL LANE Sold Prices

Land registry data shows two sales for 38B MILL 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 West Lancashire local authority area for the corresponding sale date. One of the two 38B MILL LANE sales was for above the average price, whilst the other was 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
2015 9 NOV	£270,000	£252,059	7% above HPI
2014 11 JUL	£60,000	£239,936	75% below HPI

38B MILL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The two 38B MILL LANE sales from July 2014 and November 2015 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 July 2014 sale was for 75% below the HPI. So the extrapolation line tracks at 75% below the HPI over time, until the November 2015 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 38B MILL LANE be worth now?

38B MILL LANE might now be worth an estimated £395,073.

This is based on house price inflation of 46.3%, between November 2015 and December 2024, for detached houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46.3% inflationary increase is applied to the most recent sale price for 38B MILL LANE of £270,000 on 9th November 2015. For the value to have increased from £270,000 to £395,073 over the eight years and eleven months to December 2024, the following assumptions must hold true:

• The value of 38B MILL LANE has moved in line with the HPI for detached houses in the West Lancashire local authority area.
• The November 2015 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 38B MILL LANE has not materially changed since November 2015.

How Large is 38B MILL LANE?

38B MILL LANE is 131m² according to the EPC inspection conducted in December 2024. This puts it in the largest 40% of detached houses houses in Burscough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burscough, and where 38B MILL LANE lies on this distribution: 66% of detached houses houses are smaller than 38B MILL LANE, and 31% of houses are larger. Note that EPC data is not available for all properties in Burscough.

38B MILL LANE: Plot and Title Map

38B MILL LANE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 38B MILL 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 38B MILL 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 38B MILL LANE?

38B MILL LANE is located in BURSCOUGH, in the L40 postcode district. The below map shows the position of No. 38B on MILL LANE.