1, MILE LANE, BURY, BL8 2DS - £150,000

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

1 MILE LANE is a very small extended detached house of 83m², built sometime between 1930 and 1949. It was last sold for £150,000 in September 2002, which was around 8% above the average September 2002 detached price in the Bury local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was C.

1 MILE LANE Sold Prices

Land registry data shows two sales for 1 MILE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bury local authority area for the corresponding sale date. One of the two 1 MILE LANE sales was for above the average price, whilst the other was 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
2002 26 SEP	£150,000	£138,468	8% above HPI
2001 31 AUG	£90,000	£111,883	20% below HPI

1 MILE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bury local authority area over time, sourced from the HPI. The two 1 MILE LANE sales from August 2001 and September 2002 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 2001 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2002 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 1 MILE LANE?

1 MILE LANE is 83m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 20% of detached houses in Bury, based on EPC data. The below chart shows the distribution of detached houses by size in Bury, and where 1 MILE LANE lies on this distribution: 19% of detached houses are smaller than 1 MILE LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Bury.

1 MILE LANE: Plot and Title Map

1 MILE LANE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 1 MILE LANE, 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 1 MILE LANE). 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 1 MILE LANE?

1 MILE LANE is located in BURY, in the BL8 postcode district. The below map shows the position of No. 1 on MILE LANE.