LOWOOD, WHINS LANE, READ, BURNLEY, BB12 7RB - £1,000,000

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

LOWOOD is a very large extended detached house of 380m², built sometime between 1930 and 1949. It was last sold for £1,000,000 in November 2007, which was around 206% above the average November 2007 detached price in the Ribble Valley local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

LOWOOD Sold Prices

Land registry data shows three sales for LOWOOD 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 LOWOOD 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
2007 30 NOV	£1,000,000	£326,636	206% above HPI
2001 10 AUG	£245,000	£143,710	70% above HPI
1997 28 NOV	£177,000	£105,855	67% above HPI

LOWOOD 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 LOWOOD sales between November 1997 and November 2007 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 August 2001 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the November 2007 sale, where it rises to 206% above the HPI. The line then continues to track at 206% above the HPI.

How Large is LOWOOD?

LOWOOD is 380m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 10% of detached houses in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where LOWOOD lies on this distribution: 99% of detached houses are smaller than LOWOOD, and 1% of houses are larger. Note that EPC data is not available for all properties in Read.

LOWOOD: Plot and Title Map

LOWOOD sits on a plot of roughly 0.346 of an acre, or 1,399m². The below map shows the location of LOWOOD, 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 LOWOOD). 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 LOWOOD?

LOWOOD is located on WHINS LANE in READ, in the BB12 postcode district. The below map shows the position of LOWOOD on WHINS LANE.