TOWER VIEW, BARKER LANE, MELLOR, BLACKBURN, BB2 7EE - £357,000

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

TOWER VIEW is a large detached house of 146m², built sometime between 1983 and 1990. It was last sold for £357,000 in March 2024, which was around 11% below the average March 2024 detached price in the Ribble Valley local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was C.

TOWER VIEW Sold Prices

Land registry data shows two sales for TOWER VIEW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Ribble Valley local authority area for the corresponding sale date. One of the two TOWER VIEW 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
2024 4 MAR	£357,000	£399,457	11% below HPI
2019 6 DEC	£330,000	£327,029	1% above HPI

TOWER VIEW Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The two TOWER VIEW sales from December 2019 and March 2024 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 December 2019 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the March 2024 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is TOWER VIEW?

TOWER VIEW is 146m² according to the EPC inspection conducted in October 2023. This puts it in the largest 40% of detached houses in Mellor, based on EPC data. The below chart shows the distribution of detached houses by size in Mellor, and where TOWER VIEW lies on this distribution: 65% of detached houses are smaller than TOWER VIEW, and 34% of houses are larger. Note that EPC data is not available for all properties in Mellor.

TOWER VIEW: Plot and Title Map

TOWER VIEW sits on a plot of roughly 0.192 of an acre, or 776m². The below map shows the location of TOWER VIEW, 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 TOWER VIEW). 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 TOWER VIEW?

TOWER VIEW is located on BARKER LANE in MELLOR, in the BB2 postcode district. The below map shows the position of TOWER VIEW on BARKER LANE.