7, GEORGE LANE, READ, BURNLEY, BB12 7RQ - £400,000

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

7 GEORGE LANE is a midsized detached house of 135m², built sometime between 1967 and 1975. It was last sold for £400,000 in January 2019, which was around 21% above the average January 2019 detached price in the Ribble Valley local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was C.

7 GEORGE LANE Sold Prices

Land registry data shows two sales for 7 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. One of the two 7 GEORGE 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
2019 25 JAN	£400,000	£329,480	21% above HPI
2015 12 JUN	£277,000	£295,986	6% below HPI

7 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 7 GEORGE LANE sales from June 2015 and January 2019 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 2015 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2019 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 7 GEORGE LANE?

7 GEORGE LANE is 135m² according to the EPC inspection conducted in August 2018. This puts it in the largest 50% of detached houses in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where 7 GEORGE LANE lies on this distribution: 54% of detached houses are smaller than 7 GEORGE LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Read.

7 GEORGE LANE: Plot and Title Map

7 GEORGE LANE sits on a plot of roughly 0.156 of an acre, or 633m². The below map shows the location of 7 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 7 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 7 GEORGE LANE?

7 GEORGE LANE is located in READ, in the BB12 postcode district. The below map shows the position of No. 7 on GEORGE LANE.