THE LODGE, LOWERHOUSE LANE, BURNLEY, BB12 6NB - £130,000

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

THE LODGE is a large detached house of 115m², built sometime between 1930 and 1949. It was last sold for £130,000 in September 2020, which was around 23% below the average September 2020 detached price in the Burnley local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was D.

THE LODGE Sold Prices

Land registry data shows two sales for THE 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 Burnley local authority area for the corresponding sale date. Both of the two THE 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
2020 25 SEP	£130,000	£167,996	23% below HPI
2019 30 AUG	£118,000	£159,617	26% below HPI

THE LODGE 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 THE LODGE sales from August 2019 and September 2020 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 2019 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the September 2020 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is THE LODGE?

THE LODGE is 115m² according to the EPC inspection conducted in August 2019. This puts it in the largest 40% of detached houses in Burnley, based on EPC data. The below chart shows the distribution of detached houses by size in Burnley, and where THE LODGE lies on this distribution: 65% of detached houses are smaller than THE LODGE, and 35% of houses are larger. Note that EPC data is not available for all properties in Burnley.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of THE 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 THE 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 THE LODGE?

THE LODGE is located on LOWERHOUSE LANE in BURNLEY, in the BB12 postcode district. The below map shows the position of THE LODGE on LOWERHOUSE LANE.