THE SPINNEY, WOOD VIEW, PRESTON OLD ROAD, BLACKBURN, BB2 5LL - £198,000

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

THE SPINNEY is a very small detached house of 69m², built sometime between 1983 and 1990. It was last sold for £198,000 in March 2022, which was around 17% below the average March 2022 detached price in the Blackburn with Darwen local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

THE SPINNEY Sold Prices

Land registry data shows two sales for THE SPINNEY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Blackburn with Darwen local authority area for the corresponding sale date. One of the two THE SPINNEY sales was for below the average price, whilst the other was 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
2022 11 MAR	£198,000	£239,575	17% below HPI
1996 31 AUG	£75,000	£67,603	11% above HPI

THE SPINNEY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Blackburn with Darwen local authority area over time, sourced from the HPI. The two THE SPINNEY sales from August 1996 and March 2022 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 1996 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the March 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is THE SPINNEY?

THE SPINNEY is 69m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of detached houses in Blackburn, based on EPC data. The below chart shows the distribution of detached houses by size in Blackburn, and where THE SPINNEY lies on this distribution: 3% of detached houses are smaller than THE SPINNEY, and 96% of houses are larger. Note that EPC data is not available for all properties in Blackburn.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of THE SPINNEY, 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 SPINNEY). 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 SPINNEY?

THE SPINNEY, WOOD VIEW is located on PRESTON OLD ROAD in BLACKBURN, in the BB2 postcode district. The below map shows the position of THE SPINNEY, WOOD VIEW on PRESTON OLD ROAD.