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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MILLSTONE is a very large extended detached house of 188m², built sometime between 1967 and 1975. It was last sold for £430,000 in June 2021, which was around 53% 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	£281,833	53% above HPI
2016 21 OCT	£330,000	£187,532	76% 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 76% above the HPI. So the extrapolation line tracks at 76% above the HPI over time, until the June 2021 sale, where it falls to 53% above the HPI. The line then continues to track at 53% above the HPI.

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 in Bacup, based on EPC data. The below chart shows the distribution of detached houses by size in Bacup, and where MILLSTONE lies on this distribution: 92% of detached 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.