2, NEWINGTON DRIVE, BURY, BL8 2NE - £247,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 NEWINGTON DRIVE is a very small extended semi-detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £300,589. It was last sold for £247,500 in March 2021, which was around 17% above the average March 2021 semi-detached price in the Bury local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

2 NEWINGTON DRIVE Sold Prices

Land registry data shows two sales for 2 NEWINGTON DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Bury local authority area for the corresponding sale date. One of the two 2 NEWINGTON DRIVE 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
2021 3 MAR	£247,500	£211,054	17% above HPI
2013 15 JUL	£120,000	£130,675	8% below HPI

2 NEWINGTON DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Bury local authority area over time, sourced from the HPI. The two 2 NEWINGTON DRIVE sales from July 2013 and March 2021 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 July 2013 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the March 2021 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 2 NEWINGTON DRIVE be worth now?

2 NEWINGTON DRIVE might now be worth an estimated £300,589.

This is based on house price inflation of 21.4%, between March 2021 and March 2025, for semi-detached houses, in the Bury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.4% inflationary increase is applied to the most recent sale price for 2 NEWINGTON DRIVE of £247,500 on 3rd March 2021. For the value to have increased from £247,500 to £300,589 over the four years to March 2025, the following assumptions must hold true:

• The value of 2 NEWINGTON DRIVE has moved in line with the HPI for semi-detached houses in the Bury local authority area.
• The March 2021 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 2 NEWINGTON DRIVE has not materially changed since March 2021.

How Large is 2 NEWINGTON DRIVE?

2 NEWINGTON DRIVE is 84m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the smallest 20% of semi-detached houses houses in Bury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bury, and where 2 NEWINGTON DRIVE lies on this distribution: 20% of semi-detached houses houses are smaller than 2 NEWINGTON DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Bury.

2 NEWINGTON DRIVE: Plot and Title Map

2 NEWINGTON DRIVE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 2 NEWINGTON 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 2 NEWINGTON 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 2 NEWINGTON DRIVE?

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