THE HERMITAGE, HERMITAGE STREET, RISHTON, BLACKBURN, BB1 4ND - £278,000

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.

THE HERMITAGE is a very large extended detached house of 197m², built sometime before 1900, which could now be worth an estimated £419,220. It was last sold for £278,000 in September 2011, which was around 81% above the average September 2011 detached price in the Hyndburn local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was D.

THE HERMITAGE Sold Prices

Land registry data shows three sales for THE HERMITAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Hyndburn local authority area for the corresponding sale date. All of the three THE HERMITAGE 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
2011 30 SEP	£278,000	£153,868	81% above HPI
2004 3 AUG	£160,000	£115,665	38% above HPI
2000 17 OCT	£93,000	£62,140	50% above HPI

THE HERMITAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hyndburn local authority area over time, sourced from the HPI. The three THE HERMITAGE sales between October 2000 and September 2011 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 2004 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the September 2011 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

What might THE HERMITAGE be worth now?

THE HERMITAGE might now be worth an estimated £419,220.

This is based on house price inflation of 50.8%, between September 2011 and March 2025, for detached houses, in the Hyndburn local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 50.8% inflationary increase is applied to the most recent sale price for THE HERMITAGE of £278,000 on 30th September 2011. For the value to have increased from £278,000 to £419,220 over the fourteen years and six months to March 2025, the following assumptions must hold true:

• The value of THE HERMITAGE has moved in line with the HPI for detached houses in the Hyndburn local authority area.
• The September 2011 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of THE HERMITAGE has not materially changed since September 2011.

How Large is THE HERMITAGE?

THE HERMITAGE is 197m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the largest 10% of detached houses houses in Rishton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rishton, and where THE HERMITAGE lies on this distribution: 99% of detached houses houses are smaller than THE HERMITAGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Rishton.

THE HERMITAGE: Plot and Title Map

THE HERMITAGE sits on a plot of roughly 0.173 of an acre, or 699m². The below map shows the location of THE HERMITAGE, 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 THE HERMITAGE). 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 THE HERMITAGE?

THE HERMITAGE is located on HERMITAGE STREET in RISHTON, in the BB1 postcode district. The below map shows the position of THE HERMITAGE on HERMITAGE STREET.