LODGE MEADOW, GREAVE CLOUGH DRIVE, BACUP, OL13 9HP - £375,000

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

LODGE MEADOW is a very large extended detached house of 177m², built sometime between 1991 and 1995. It was last sold for £375,000 in August 2021, which was around 35% above the average August 2021 detached price in the Rossendale local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was C.

LODGE MEADOW Sold Prices

Land registry data shows two sales for LODGE MEADOW 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 LODGE MEADOW 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
2021 27 AUG	£375,000	£278,071	35% above HPI
2002 12 SEP	£185,000	£103,462	79% above HPI

LODGE MEADOW 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 LODGE MEADOW sales from September 2002 and August 2021 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 September 2002 sale was for 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the August 2021 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is LODGE MEADOW?

LODGE MEADOW is 177m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 10% of detached houses in Bacup, based on EPC data. The below chart shows the distribution of detached houses by size in Bacup, and where LODGE MEADOW lies on this distribution: 90% of detached houses are smaller than LODGE MEADOW, and 10% of houses are larger. Note that EPC data is not available for all properties in Bacup.

LODGE MEADOW: Plot and Title Map

LODGE MEADOW sits on a plot of roughly 0.179 of an acre, or 723m². The below map shows the location of LODGE MEADOW, 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 LODGE MEADOW). 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 LODGE MEADOW?

LODGE MEADOW is located on GREAVE CLOUGH DRIVE in BACUP, in the OL13 postcode district. The below map shows the position of LODGE MEADOW on GREAVE CLOUGH DRIVE.