2, THE DRIVE, BURY, BL9 5DG - £245,000

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 THE DRIVE is a very small detached house of 82m², built sometime before 1900. It was last sold for £245,000 in November 2016, which was around 3% below the average November 2016 detached price in the Bury local authority area. The most recent EPC inspection was July 2009, where the current energy rating was E, and the potential energy rating was E.

2 THE DRIVE Sold Prices

Land registry data shows three sales for 2 THE 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. All of the three 2 THE 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
2016 4 NOV	£245,000	£252,865	3% below HPI
2014 16 MAY	£188,500	£213,759	12% below HPI
2006 6 JAN	£150,000	£215,742	30% below HPI

2 THE 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 THE DRIVE sales between January 2006 and November 2016 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 May 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2016 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 2 THE DRIVE?

2 THE DRIVE is 82m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 20% 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 THE DRIVE lies on this distribution: 17% of detached houses are smaller than 2 THE DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Bury.

2 THE DRIVE: Plot and Title Map

2 THE DRIVE sits on a plot of roughly 0.114 of an acre, or 461m². The below map shows the location of 2 THE 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 THE 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 THE DRIVE?

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