3, George Lane
3, George Lane
Description & Estimates
3, George Lane, Burnley appears in the public record as a freehold house sitting on a 285 m2 plot.
By comparing it to nearby properties, we estimate it to be a mid-century house with 896 ft2 of internal area and a garden.
Locally, houses of this size normally have 3 bedrooms.
Our estimate of the sale value of 3, George Lane, Burnley is £196,312 and its rental estimate is £971 per month, given the available information and assuming reasonable condition.
George Lane, Read, Burnley, BB12 falls within the BB12 postal district, in the borough of Ribble Valley.
Our Data Sources
3, George Lane, Burnley has 21 entries in the Land Registry , most recently in May 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 3, George Lane, Burnley, we estimate a market value of £206,128 and a rental value of £1,020 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £182,570 and £903 per month respectively.
Recent Market Change
Over the last year, 3, George Lane, Burnley has seen its estimated sale value increase by £5,983 (3.0%) and its estimated rental value grow by £37 per month (3.8%). This results in an estimated gross rental yield of 5.9%.
Plot Size
HM Land Registry records the plot of land for 3, George Lane, Burnley as measuring 285 m2.
That makes it the 5th largest plot in the postcode, where 5 of the 11 other houses have recorded plot data.
Sold Prices
The most recent sale of 3, George Lane, Burnley completed on 12th May 2008 at £250,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 40.8% over the period since May 2008.
- Sold May 2008£250,000
- Sold Aug 2005£75,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, George Lane, Burnley have sold within a radius of 2.6 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th June 2024, was 10, Victoria Lodge, Burnley, BB12 7SZ, a freehold house which sold for £185,000.
Read more about house prices in BB12.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 41 addresses on George Lane, Read, Burnley, BB12, 3, George Lane, Burnley comes out as the 33rd largest and the 36th most expensive in our analysis of the public data.
It is also £13k more expensive than the average property across the BB12 district.
More reading links
Schools Nearby
- 300mRead St John's CofE Primary School
- 1.0kmSimonstone St Peter's Church of England Primary School
- 2.1kmAltham St James Church of England Primary School
- 4.1kmShuttleworth College
- 4.5kmBurnley High School
- 4.5kmSt Augustine's Roman Catholic High School, a Voluntary Academy
More reading links
Public Transport Nearby
From 3, George Lane, Burnley, the nearest station is Whalley (Lancs), 3.9 kilometres away.
- 3.9kmWhalley (Lancs)
- 4.1kmHapton
- 4.2kmHuncoat
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
