5, GEORGE LANE, READ, BURNLEY, BB12 7RQ - £325,000

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

5 GEORGE LANE is a very large extended detached house of 178m², built sometime between 1950 and 1966. It was last sold for £325,000 in January 2017, which was around 2% above the average January 2017 detached price in the Ribble Valley local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

5 GEORGE LANE Sold Prices

Land registry data shows two sales for 5 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 5 GEORGE 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
2017 27 JAN	£325,000	£317,220	2% above HPI
2002 5 NOV	£205,000	£172,800	19% above HPI

5 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 5 GEORGE LANE sales from November 2002 and January 2017 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 2002 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the January 2017 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 5 GEORGE LANE?

5 GEORGE LANE is 178m², which includes two extensions, according to the EPC inspection conducted in March 2014. This puts it in the largest 20% of detached houses in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where 5 GEORGE LANE lies on this distribution: 86% of detached houses are smaller than 5 GEORGE LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Read.

5 GEORGE LANE: Plot and Title Map

5 GEORGE LANE sits on a plot of roughly 0.168 of an acre, or 681m². The below map shows the location of 5 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 5 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 5 GEORGE LANE?

5 GEORGE LANE is located in READ, in the BB12 postcode district. The below map shows the position of No. 5 on GEORGE LANE.