MILLSTONE, TONG LANE, BACUP, OL13 9XB - £430,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MILLSTONE is a very large extended detached house of 188m², built sometime between 1967 and 1975, which could now be worth an estimated £501,425. It was last sold for £430,000 in June 2021, which was around 45% above the average June 2021 detached price in the Rossendale local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was C.

MILLSTONE Sold Prices

Land registry data shows two sales for MILLSTONE 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 MILLSTONE 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 23 JUN	£430,000	£296,054	45% above HPI
2016 21 OCT	£330,000	£196,995	68% above HPI

MILLSTONE 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 MILLSTONE sales from October 2016 and June 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 October 2016 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the June 2021 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might MILLSTONE be worth now?

MILLSTONE might now be worth an estimated £501,425.

This is based on house price inflation of 16.6%, between June 2021 and February 2025, for detached houses, in the Rossendale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.6% inflationary increase is applied to the most recent sale price for MILLSTONE of £430,000 on 23rd June 2021. For the value to have increased from £430,000 to £501,425 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of MILLSTONE has moved in line with the HPI for detached houses in the Rossendale local authority area.
• The June 2021 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of MILLSTONE has not materially changed since June 2021.

How Large is MILLSTONE?

MILLSTONE is 188m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 10% of detached houses houses in Bacup, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bacup, and where MILLSTONE lies on this distribution: 92% of detached houses houses are smaller than MILLSTONE, and 7% of houses are larger. Note that EPC data is not available for all properties in Bacup.

MILLSTONE: Plot and Title Map

MILLSTONE sits on a plot of roughly 0.257 of an acre, or 1,041m². The below map shows the location of MILLSTONE, 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 MILLSTONE). 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 MILLSTONE?

MILLSTONE is located on TONG LANE in BACUP, in the OL13 postcode district. The below map shows the position of MILLSTONE on TONG LANE.