7, RICHMOND AVENUE, BURNLEY, BB10 4JL - £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

7 RICHMOND AVENUE is a midsized detached house of 101m², built sometime between 1983 and 1990. It was last sold for £325,000 in September 2023, which was around 63% above the average September 2023 detached price in the Burnley local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

7 RICHMOND AVENUE Sold Prices

Land registry data shows two sales for 7 RICHMOND AVENUE 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 RICHMOND AVENUE 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
2023 8 SEP	£325,000	£199,644	63% above HPI
1998 27 NOV	£77,200	£66,009	17% above HPI

7 RICHMOND AVENUE 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 RICHMOND AVENUE sales from November 1998 and September 2023 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 1998 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the September 2023 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is 7 RICHMOND AVENUE?

7 RICHMOND AVENUE is 101m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 50% of detached houses in Burnley, based on EPC data. The below chart shows the distribution of detached houses by size in Burnley, and where 7 RICHMOND AVENUE lies on this distribution: 45% of detached houses are smaller than 7 RICHMOND AVENUE, and 52% of houses are larger. Note that EPC data is not available for all properties in Burnley.

7 RICHMOND AVENUE: Plot and Title Map

7 RICHMOND AVENUE sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of 7 RICHMOND AVENUE, 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 RICHMOND AVENUE). 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 RICHMOND AVENUE?

7 RICHMOND AVENUE is located in BURNLEY, in the BB10 postcode district. The below map shows the position of No. 7 on RICHMOND AVENUE.