2, OAKWELL DRIVE, BURY, BL9 8LB - £387,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 OAKWELL DRIVE is a small extended detached house of 94m², built sometime between 1950 and 1966. It was last sold for £387,000 in April 2022, which was around 3% above the average April 2022 detached price in the Bury local authority area. The most recent EPC inspection was October 2017, where the current energy rating was E, and the potential energy rating was B.

2 OAKWELL DRIVE Sold Prices

Land registry data shows three sales for 2 OAKWELL DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bury local authority area for the corresponding sale date. One of the three 2 OAKWELL DRIVE sales was for above the average price, whilst two 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
2022 11 APR	£387,000	£377,305	3% above HPI
2019 7 JAN	£285,000	£295,678	4% below HPI
2017 10 MAR	£182,000	£259,172	30% below HPI

2 OAKWELL DRIVE 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 three 2 OAKWELL DRIVE sales between March 2017 and April 2022 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 2019 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the April 2022 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 2 OAKWELL DRIVE?

2 OAKWELL DRIVE is 94m², which includes two extensions, according to the EPC inspection conducted in October 2017. This puts it in the smallest 40% 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 OAKWELL DRIVE lies on this distribution: 31% of detached houses are smaller than 2 OAKWELL DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Bury.

2 OAKWELL DRIVE: Plot and Title Map

2 OAKWELL DRIVE sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 2 OAKWELL 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 OAKWELL 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 OAKWELL DRIVE?

2 OAKWELL DRIVE is located in BURY, in the BL9 postcode district. The below map shows the position of No. 2 on OAKWELL DRIVE.