2, MILE LANE, BURY, BL8 2DS - £335,000

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

2 MILE LANE is a midsized detached house of 112m², built sometime between 1950 and 1966. It was last sold for £335,000 in December 2020, which was about the average December 2020 detached price in the Bury local authority area. The most recent EPC inspection was May 2020, where the current energy rating was F, and the potential energy rating was D.

2 MILE LANE Sold Prices

Land registry data shows two sales for 2 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 2 MILE LANE sales was roughly equal to 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
2020 18 DEC	£335,000	£333,985	Close to HPI
2006 20 JAN	£195,000	£215,742	10% below HPI

2 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 2 MILE LANE sales from January 2006 and December 2020 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 January 2006 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2020 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 2 MILE LANE?

2 MILE LANE is 112m² according to the EPC inspection conducted in May 2020. This puts it in the largest 50% of detached houses in Bury, based on EPC data. The below chart shows the distribution of detached houses by size in Bury, and where 2 MILE LANE lies on this distribution: 53% of detached houses are smaller than 2 MILE LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Bury.

2 MILE LANE: Plot and Title Map

2 MILE LANE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 2 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 2 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 2 MILE LANE?

2 MILE LANE is located in BURY, in the BL8 postcode district. The below map shows the position of No. 2 on MILE LANE.