4, GIB LANE, BLACKBURN, BB2 5BP - £240,000

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

4 GIB LANE is a small detached house of 94m², built sometime between 1930 and 1949. It was last sold for £240,000 in August 2024, which was around 14% below the average August 2024 detached price in the Blackburn with Darwen local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

4 GIB LANE Sold Prices

Land registry data shows three sales for 4 GIB 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 Blackburn with Darwen local authority area for the corresponding sale date. All of the three 4 GIB 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
2024 30 AUG	£240,000	£277,817	14% below HPI
2022 29 JUN	£229,950	£240,547	4% below HPI
2000 17 MAR	£74,000	£77,285	4% below HPI

4 GIB LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blackburn with Darwen local authority area over time, sourced from the HPI. The three 4 GIB LANE sales between March 2000 and August 2024 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 June 2022 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2024 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 4 GIB LANE?

4 GIB LANE is 94m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 30% of detached houses in Blackburn, based on EPC data. The below chart shows the distribution of detached houses by size in Blackburn, and where 4 GIB LANE lies on this distribution: 25% of detached houses are smaller than 4 GIB LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Blackburn.

4 GIB LANE: Plot and Title Map

4 GIB LANE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 4 GIB 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 4 GIB 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 4 GIB LANE?

4 GIB LANE is located in BLACKBURN, in the BB2 postcode district. The below map shows the position of No. 4 on GIB LANE.