HEAD OF LEA, PRESTON NEW ROAD, MELLOR BROOK, BLACKBURN, BB2 7PU - £340,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

HEAD OF LEA is a small extended detached house of 121m², built sometime between 1900 and 1929, which could now be worth an estimated £475,913. It was last sold for £340,000 in July 2016, which was around 47% above the average July 2016 detached price in the South Ribble local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was A.

HEAD OF LEA Sold Prices

Land registry data shows two sales for HEAD OF LEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. Both of the two HEAD OF LEA 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
2016 11 JUL	£340,000	£231,286	47% above HPI
2011 11 MAY	£265,000	£208,582	27% above HPI

HEAD OF LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The two HEAD OF LEA sales from May 2011 and July 2016 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 May 2011 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the July 2016 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might HEAD OF LEA be worth now?

HEAD OF LEA might now be worth an estimated £475,913.

This is based on house price inflation of 40%, between July 2016 and December 2024, for detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40% inflationary increase is applied to the most recent sale price for HEAD OF LEA of £340,000 on 11th July 2016. For the value to have increased from £340,000 to £475,913 over the seven years and seven months to December 2024, the following assumptions must hold true:

• The value of HEAD OF LEA has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The July 2016 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of HEAD OF LEA has not materially changed since July 2016.

How Large is HEAD OF LEA?

HEAD OF LEA is 121m², which includes two extensions, according to the EPC inspection conducted in January 2016. This puts it in the smallest 40% of detached houses houses in Mellor Brook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mellor Brook, and where HEAD OF LEA lies on this distribution: 33% of detached houses houses are smaller than HEAD OF LEA, and 66% of houses are larger. Note that EPC data is not available for all properties in Mellor Brook.

HEAD OF LEA: Plot and Title Map

HEAD OF LEA sits on a plot of roughly 0.594 of an acre, or 2,403m². The below map shows the location of HEAD OF LEA, 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 HEAD OF LEA). 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 HEAD OF LEA?

HEAD OF LEA is located on PRESTON NEW ROAD in MELLOR BROOK, in the BB2 postcode district. The below map shows the position of HEAD OF LEA on PRESTON NEW ROAD.