7, OLDE BACK LANE, BURNLEY, BB11 5BH - £345,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 OLDE BACK LANE is a very large detached house of 232m², built sometime between 2003 and 2006, which could now be worth an estimated £505,529. It was last sold for £345,000 in October 2017, which was around 121% above the average October 2017 detached price in the Burnley local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was C.

7 OLDE BACK LANE Sold Prices

Land registry data shows two sales for 7 OLDE BACK 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 Burnley local authority area for the corresponding sale date. Both of the two 7 OLDE BACK 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 13 OCT	£345,000	£156,385	121% above HPI
2015 5 JAN	£346,000	£137,475	152% above HPI

7 OLDE BACK LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Burnley local authority area over time, sourced from the HPI. The two 7 OLDE BACK LANE sales from January 2015 and October 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 January 2015 sale was for 152% above the HPI. So the extrapolation line tracks at 152% above the HPI over time, until the October 2017 sale, where it falls to 121% above the HPI. The line then continues to track at 121% above the HPI.

What might 7 OLDE BACK LANE be worth now?

7 OLDE BACK LANE might now be worth an estimated £505,529.

This is based on house price inflation of 46.5%, between October 2017 and February 2025, for detached houses, in the Burnley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46.5% inflationary increase is applied to the most recent sale price for 7 OLDE BACK LANE of £345,000 on 13th October 2017. For the value to have increased from £345,000 to £505,529 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 OLDE BACK LANE has moved in line with the HPI for detached houses in the Burnley local authority area.
• The October 2017 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 7 OLDE BACK LANE has not materially changed since October 2017.

How Large is 7 OLDE BACK LANE?

7 OLDE BACK LANE is 232m² according to the EPC inspection conducted in February 2017. This puts it in the largest 10% of detached houses houses in Burnley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burnley, and where 7 OLDE BACK LANE lies on this distribution: 98% of detached houses houses are smaller than 7 OLDE BACK LANE, and 2% of houses are larger. Note that EPC data is not available for all properties in Burnley.

7 OLDE BACK LANE: Plot and Title Map

7 OLDE BACK LANE sits on a plot of roughly 0.379 of an acre, or 1,534m². The below map shows the location of 7 OLDE BACK 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 OLDE BACK 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 OLDE BACK LANE?

7 OLDE BACK LANE is located in BURNLEY, in the BB11 postcode district. The below map shows the position of No. 7 on OLDE BACK LANE.