7, GIB LANE, BLACKBURN, BB2 5BP - £49,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

7 GIB LANE is a very small semi-detached house of 51m², built sometime between 1930 and 1949. It was last sold for £49,000 in December 2005, which was around 71% below the average December 2005 detached price in the Blackburn with Darwen local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

7 GIB LANE Sold Prices

Land registry data shows two sales for 7 GIB 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 Blackburn with Darwen local authority area for the corresponding sale date. Both of the two 7 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
2005 21 DEC	£49,000	£166,467	71% below HPI
1999 19 MAR	£65,500	£69,522	6% below HPI

7 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 two 7 GIB LANE sales from March 1999 and December 2005 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 March 1999 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2005 sale, where it falls to 71% below the HPI. The line then continues to track at 71% below the HPI.

How Large is 7 GIB LANE?

7 GIB LANE is 51m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses in Blackburn, based on EPC data. The below chart shows the distribution of detached houses by size in Blackburn, and where 7 GIB LANE lies on this distribution: Less than 1% of detached houses are smaller than 7 GIB LANE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Blackburn.

7 GIB LANE: Plot and Title Map

7 GIB LANE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 7 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 7 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 7 GIB LANE?

7 GIB LANE is located in BLACKBURN, in the BB2 postcode district. The below map shows the position of No. 7 on GIB LANE.