RIDGE COTTAGE, RIDGE AVENUE, BURNLEY, BB10 3JF - £676,500

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

RIDGE COTTAGE is a very large extended detached house of 285m², built sometime before 1900. It was last sold for £676,500 in November 2023, which was around 216% above the average November 2023 detached price in the Burnley local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was C.

RIDGE COTTAGE Sold Prices

Land registry data shows two sales for RIDGE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Burnley local authority area for the corresponding sale date. Both of the two RIDGE COTTAGE 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
2023 13 NOV	£676,500	£214,192	216% above HPI
2002 11 FEB	£199,000	£73,956	169% above HPI

RIDGE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Burnley local authority area over time, sourced from the HPI. The two RIDGE COTTAGE sales from February 2002 and November 2023 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 February 2002 sale was for 169% above the HPI. So the extrapolation line tracks at 169% above the HPI over time, until the November 2023 sale, where it rises to 216% above the HPI. The line then continues to track at 216% above the HPI.

What might RIDGE COTTAGE be worth now?

RIDGE COTTAGE might now be worth an estimated £727,192.

This is based on house price inflation of 7.5%, between November 2023 and December 2024, for detached houses, in the Burnley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.5% inflationary increase is applied to the most recent sale price for RIDGE COTTAGE of £676,500 on 13th November 2023. For the value to have increased from £676,500 to £727,192 over the eleven months to December 2024, the following assumptions must hold true:

• The value of RIDGE COTTAGE has moved in line with the HPI for detached houses in the Burnley local authority area.
• The November 2023 sale price of £676,500 represented a fair market value for the property.
• The size, condition, and specification of RIDGE COTTAGE has not materially changed since November 2023.

How Large is RIDGE COTTAGE?

RIDGE COTTAGE is 285m², which includes four extensions, according to the EPC inspection conducted in August 2023. This puts it in the largest 10% of detached houses houses in Burnley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burnley, and where RIDGE COTTAGE lies on this distribution: 99% of detached houses houses are smaller than RIDGE COTTAGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Burnley.

RIDGE COTTAGE: Plot and Title Map

RIDGE COTTAGE sits on a plot of roughly 0.652 of an acre, or 2,637m². The below map shows the location of RIDGE COTTAGE, 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 RIDGE COTTAGE). 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 RIDGE COTTAGE?

RIDGE COTTAGE is located on RIDGE AVENUE in BURNLEY, in the BB10 postcode district. The below map shows the position of RIDGE COTTAGE on RIDGE AVENUE.