PARKLANDS, NEW LINE, BACUP, OL13 9RX - £270,000

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

PARKLANDS is a very large detached house of 163m², built sometime between 1930 and 1949. It was last sold for £270,000 in March 2005, which was around 55% above the average March 2005 detached price in the Rossendale local authority area. The most recent EPC inspection was November 2010, where the current energy rating was E, and the potential energy rating was D.

PARKLANDS Sold Prices

Land registry data shows two sales for PARKLANDS 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 PARKLANDS 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
2005 15 MAR	£270,000	£174,745	55% above HPI
2002 18 OCT	£118,000	£109,495	8% above HPI

PARKLANDS 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 PARKLANDS sales from October 2002 and March 2005 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 2002 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the March 2005 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is PARKLANDS?

PARKLANDS is 163m² according to the EPC inspection conducted in November 2010. This puts it in the largest 20% of detached houses in Bacup, based on EPC data. The below chart shows the distribution of detached houses by size in Bacup, and where PARKLANDS lies on this distribution: 88% of detached houses are smaller than PARKLANDS, and 12% of houses are larger. Note that EPC data is not available for all properties in Bacup.

PARKLANDS: Plot and Title Map

PARKLANDS sits on a plot of roughly 0.378 of an acre, or 1,529m². The below map shows the location of PARKLANDS, 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 PARKLANDS). 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 PARKLANDS?

PARKLANDS is located on NEW LINE in BACUP, in the OL13 postcode district. The below map shows the position of PARKLANDS on NEW LINE.