18, SEVERN DRIVE, MILNROW, ROCHDALE, OL16 3ET - £280,000

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

18 SEVERN DRIVE is a small detached house of 99m², built sometime between 1967 and 1975. It was last sold for £280,000 in December 2023, which was around 13% below the average December 2023 detached price in the Rochdale local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

18 SEVERN DRIVE Sold Prices

Land registry data shows four sales for 18 SEVERN DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Rochdale local authority area for the corresponding sale date. All of the four 18 SEVERN DRIVE 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
2023 1 DEC	£280,000	£322,905	13% below HPI
2020 1 SEP	£212,000	£251,710	16% below HPI
2005 3 FEB	£167,000	£176,204	5% below HPI
2003 8 OCT	£124,000	£135,812	9% below HPI

18 SEVERN DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rochdale local authority area over time, sourced from the HPI. The four 18 SEVERN DRIVE sales between October 2003 and December 2023 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 September 2020 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the December 2023 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 18 SEVERN DRIVE?

18 SEVERN DRIVE is 99m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 40% of detached houses in Milnrow, based on EPC data. The below chart shows the distribution of detached houses by size in Milnrow, and where 18 SEVERN DRIVE lies on this distribution: 39% of detached houses are smaller than 18 SEVERN DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Milnrow.

18 SEVERN DRIVE: Plot and Title Map

18 SEVERN DRIVE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 18 SEVERN DRIVE, 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 18 SEVERN DRIVE). 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 18 SEVERN DRIVE?

18 SEVERN DRIVE is located in MILNROW, in the OL16 postcode district. The below map shows the position of No. 18 on SEVERN DRIVE.