NEVIN, PRESTON NEW ROAD, MELLOR BROOK, BLACKBURN, BB2 7NS - £229,000

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

NEVIN is a very small detached house of 103m², built sometime between 1930 and 1949. It was last sold for £229,000 in September 2020, which was around 11% below the average September 2020 detached price in the South Ribble local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

NEVIN Sold Prices

Land registry data shows four sales for NEVIN since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Ribble local authority area for the corresponding sale date. All of the four NEVIN sales were for below 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
2020 3 SEP	£229,000	£257,393	11% below HPI
2010 22 JAN	£205,000	£211,780	3% below HPI
1998 20 MAR	£73,000	£85,698	15% below HPI
1995 26 MAY	£70,000	£78,714	11% below HPI

NEVIN Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Ribble local authority area over time, sourced from the HPI. The four NEVIN sales between May 1995 and September 2020 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 January 2010 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2020 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might NEVIN be worth now?

NEVIN might now be worth an estimated £288,029.

This is based on house price inflation of 25.8%, between September 2020 and December 2024, for detached houses, in the South Ribble local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.8% inflationary increase is applied to the most recent sale price for NEVIN of £229,000 on 3rd September 2020. For the value to have increased from £229,000 to £288,029 over the three years and nine months to December 2024, the following assumptions must hold true:

• The value of NEVIN has moved in line with the HPI for detached houses in the South Ribble local authority area.
• The September 2020 sale price of £229,000 represented a fair market value for the property.
• The size, condition, and specification of NEVIN has not materially changed since September 2020.

How Large is NEVIN?

NEVIN is 103m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses houses in Mellor Brook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mellor Brook, and where NEVIN lies on this distribution: 10% of detached houses houses are smaller than NEVIN, and 90% of houses are larger. Note that EPC data is not available for all properties in Mellor Brook.

NEVIN: Plot and Title Map

NEVIN sits on a plot of roughly 0.367 of an acre, or 1,484m². The below map shows the location of NEVIN, 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 NEVIN). 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 NEVIN?

NEVIN is located on PRESTON NEW ROAD in MELLOR BROOK, in the BB2 postcode district. The below map shows the position of NEVIN on PRESTON NEW ROAD.