BANKSIDE COTTAGE, BANKSIDE LANE, BACUP, OL13 8GX - £120,000

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

BANKSIDE COTTAGE is a very large extended detached house of 160m², built sometime before 1900. It was last sold for £120,000 in July 2020, which was around 48% below the average July 2020 detached price in the Rossendale local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

BANKSIDE COTTAGE Sold Prices

Land registry data shows two sales for BANKSIDE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Rossendale local authority area for the corresponding sale date. Both of the two BANKSIDE COTTAGE 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
2020 15 JUL	£120,000	£231,343	48% below HPI
2006 6 NOV	£185,000	£190,795	3% below HPI

BANKSIDE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rossendale local authority area over time, sourced from the HPI. The two BANKSIDE COTTAGE sales from November 2006 and July 2020 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 2006 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the July 2020 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is BANKSIDE COTTAGE?

BANKSIDE COTTAGE is 160m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the largest 20% of detached houses in Bacup, based on EPC data. The below chart shows the distribution of detached houses by size in Bacup, and where BANKSIDE COTTAGE lies on this distribution: 87% of detached houses are smaller than BANKSIDE COTTAGE, and 13% of houses are larger. Note that EPC data is not available for all properties in Bacup.

BANKSIDE COTTAGE: Plot and Title Map

BANKSIDE COTTAGE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of BANKSIDE COTTAGE, 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 BANKSIDE COTTAGE). 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 BANKSIDE COTTAGE?

BANKSIDE COTTAGE is located on BANKSIDE LANE in BACUP, in the OL13 postcode district. The below map shows the position of BANKSIDE COTTAGE on BANKSIDE LANE.