HIGHER ELKER FARM, WHALLEY ROAD, BILLINGTON, CLITHEROE, BB7 9HY - £960,000

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

HIGHER ELKER FARM is a very large extended detached house of 200m², built sometime between 1996 and 2002, which could now be worth an estimated £983,446. It was last sold for £960,000 in July 2023, which was around 130% above the average July 2023 detached price in the Ribble Valley local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

HIGHER ELKER FARM Sold Prices

Land registry data shows three sales for HIGHER ELKER FARM since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. All of the three HIGHER ELKER FARM 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 13 JUL	£960,000	£417,924	130% above HPI
2021 23 JUN	£585,000	£369,359	58% above HPI
2013 20 NOV	£405,000	£305,883	32% above HPI

HIGHER ELKER FARM 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 three HIGHER ELKER FARM sales between November 2013 and July 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 June 2021 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the July 2023 sale, where it rises to 130% above the HPI. The line then continues to track at 130% above the HPI.

What might HIGHER ELKER FARM be worth now?

HIGHER ELKER FARM might now be worth an estimated £983,446.

This is based on house price inflation of 2.4%, between July 2023 and December 2024, for detached houses, in the Ribble Valley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.4% inflationary increase is applied to the most recent sale price for HIGHER ELKER FARM of £960,000 on 13th July 2023. For the value to have increased from £960,000 to £983,446 over the seven months to December 2024, the following assumptions must hold true:

• The value of HIGHER ELKER FARM has moved in line with the HPI for detached houses in the Ribble Valley local authority area.
• The July 2023 sale price of £960,000 represented a fair market value for the property.
• The size, condition, and specification of HIGHER ELKER FARM has not materially changed since July 2023.

How Large is HIGHER ELKER FARM?

HIGHER ELKER FARM is 200m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 10% of detached houses houses in Billington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Billington, and where HIGHER ELKER FARM lies on this distribution: 94% of detached houses houses are smaller than HIGHER ELKER FARM, and 6% of houses are larger. Note that EPC data is not available for all properties in Billington.

Where is HIGHER ELKER FARM?

HIGHER ELKER FARM is located on WHALLEY ROAD in BILLINGTON, in the BB7 postcode district. The below map shows the position of HIGHER ELKER FARM on WHALLEY ROAD.