EAST COTTAGE, GEORGE LANE, READ, BURNLEY, BB12 7RD - £342,000

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

EAST COTTAGE is a very small extended semi-detached house of 89m², built sometime before 1900. It was last sold for £342,000 in September 2024, which was around 16% below the average September 2024 detached price in the Ribble Valley local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was C.

EAST COTTAGE Sold Prices

Land registry data shows four sales for EAST COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. All of the four EAST 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
2024 23 SEP	£342,000	£407,655	16% below HPI
2008 28 MAR	£250,000	£308,838	19% below HPI
2007 28 FEB	£247,500	£293,173	16% below HPI
2005 12 APR	£187,500	£259,204	28% below HPI

EAST COTTAGE 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 four EAST COTTAGE sales between April 2005 and September 2024 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 2008 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2024 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is EAST COTTAGE?

EAST COTTAGE is 89m², which includes two extensions, according to the EPC inspection conducted in March 2024. This puts it in the smallest 20% of detached houses in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where EAST COTTAGE lies on this distribution: 10% of detached houses are smaller than EAST COTTAGE, and 90% of houses are larger. Note that EPC data is not available for all properties in Read.

EAST COTTAGE: Plot and Title Map

EAST COTTAGE sits on a plot of roughly 0.033 of an acre, or 135m². The below map shows the location of EAST 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 EAST 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 EAST COTTAGE?

EAST COTTAGE is located on GEORGE LANE in READ, in the BB12 postcode district. The below map shows the position of EAST COTTAGE on GEORGE LANE.