OSBOURNE LODGE, SPRINGFIELD CLOSE, BURSCOUGH, ORMSKIRK, L40 7UG - £325,000

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

OSBOURNE LODGE is a very small detached house of 97m², built sometime between 1983 and 1990. It was last sold for £325,000 in October 2022, which was around 6% below the average October 2022 detached price in the West Lancashire local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

OSBOURNE LODGE Sold Prices

Land registry data shows two sales for OSBOURNE LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. Both of the two OSBOURNE LODGE 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
2022 14 OCT	£325,000	£344,923	6% below HPI
1999 25 AUG	£92,000	£101,985	10% below HPI

OSBOURNE LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The two OSBOURNE LODGE sales from August 1999 and October 2022 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 1999 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2022 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is OSBOURNE LODGE?

OSBOURNE LODGE is 97m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 20% of detached houses in Burscough, based on EPC data. The below chart shows the distribution of detached houses by size in Burscough, and where OSBOURNE LODGE lies on this distribution: 15% of detached houses are smaller than OSBOURNE LODGE, and 85% of houses are larger. Note that EPC data is not available for all properties in Burscough.

OSBOURNE LODGE: Plot and Title Map

OSBOURNE LODGE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of OSBOURNE LODGE, 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 OSBOURNE LODGE). 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 OSBOURNE LODGE?

OSBOURNE LODGE is located on SPRINGFIELD CLOSE in BURSCOUGH, in the L40 postcode district. The below map shows the position of OSBOURNE LODGE on SPRINGFIELD CLOSE.