SHORTLANDS, TONG LANE, BACUP, OL13 9XB - £290,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

SHORTLANDS is a large extended detached house of 130m², built sometime between 1983 and 1990, which could now be worth an estimated £492,267. It was last sold for £290,000 in January 2017, which was around 38% above the average January 2017 detached price in the Rossendale local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was A.

SHORTLANDS Sold Prices

Land registry data shows two sales for SHORTLANDS 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 SHORTLANDS 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
2017 19 JAN	£290,000	£210,266	38% above HPI
2009 26 AUG	£275,000	£187,594	47% above HPI

SHORTLANDS 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 SHORTLANDS sales from August 2009 and January 2017 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 2009 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the January 2017 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might SHORTLANDS be worth now?

SHORTLANDS might now be worth an estimated £492,267.

This is based on house price inflation of 69.7%, between January 2017 and March 2025, for detached houses, in the Rossendale local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 69.7% inflationary increase is applied to the most recent sale price for SHORTLANDS of £290,000 on 19th January 2017. For the value to have increased from £290,000 to £492,267 over the seven years and ten months to March 2025, the following assumptions must hold true:

• The value of SHORTLANDS has moved in line with the HPI for detached houses in the Rossendale local authority area.
• The January 2017 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of SHORTLANDS has not materially changed since January 2017.

How Large is SHORTLANDS?

SHORTLANDS is 130m², which includes one extension, according to the EPC inspection conducted in February 2016. This puts it in the largest 30% of detached houses houses in Bacup, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bacup, and where SHORTLANDS lies on this distribution: 71% of detached houses houses are smaller than SHORTLANDS, and 28% of houses are larger. Note that EPC data is not available for all properties in Bacup.

SHORTLANDS: Plot and Title Map

SHORTLANDS sits on a plot of roughly 0.425 of an acre, or 1,721m². The below map shows the location of SHORTLANDS, 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 SHORTLANDS). 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 SHORTLANDS?

SHORTLANDS is located on TONG LANE in BACUP, in the OL13 postcode district. The below map shows the position of SHORTLANDS on TONG LANE.