2, OAKWOOD DRIVE, BOLTON, BL1 5EE - £430,000

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 OAKWOOD DRIVE is a very large extended detached house of 186m², built sometime between 1967 and 1975, which could now be worth an estimated £558,911. It was last sold for £430,000 in February 2021, which was around 54% above the average February 2021 detached price in the Bolton local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

2 OAKWOOD DRIVE Sold Prices

Land registry data shows two sales for 2 OAKWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bolton local authority area for the corresponding sale date. One of the two 2 OAKWOOD 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 26 FEB	£430,000	£278,946	54% above HPI
2003 5 AUG	£131,750	£137,180	4% below HPI

2 OAKWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bolton local authority area over time, sourced from the HPI. The two 2 OAKWOOD DRIVE sales from August 2003 and February 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 August 2003 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2021 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might 2 OAKWOOD DRIVE be worth now?

2 OAKWOOD DRIVE might now be worth an estimated £558,911.

This is based on house price inflation of 30%, between February 2021 and February 2025, for detached houses, in the Bolton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30% inflationary increase is applied to the most recent sale price for 2 OAKWOOD DRIVE of £430,000 on 26th February 2021. For the value to have increased from £430,000 to £558,911 over the four years to February 2025, the following assumptions must hold true:

• The value of 2 OAKWOOD DRIVE has moved in line with the HPI for detached houses in the Bolton local authority area.
• The February 2021 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAKWOOD DRIVE has not materially changed since February 2021.

How Large is 2 OAKWOOD DRIVE?

2 OAKWOOD DRIVE is 186m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 20% of detached houses houses in Bolton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bolton, and where 2 OAKWOOD DRIVE lies on this distribution: 86% of detached houses houses are smaller than 2 OAKWOOD DRIVE, and 14% of houses are larger. Note that EPC data is not available for all properties in Bolton.

2 OAKWOOD DRIVE: Plot and Title Map

2 OAKWOOD DRIVE sits on a plot of roughly 0.229 of an acre, or 926m². The below map shows the location of 2 OAKWOOD 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 OAKWOOD 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 OAKWOOD DRIVE?

2 OAKWOOD DRIVE is located in BOLTON, in the BL1 postcode district. The below map shows the position of No. 2 on OAKWOOD DRIVE.