224, GIGG LANE, BURY, BL9 9EW - £230,000

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

224 GIGG LANE is a very small detached house of 83m², built sometime between 2003 and 2006. It was last sold for £230,000 in September 2017, which was around 18% below the average September 2017 detached price in the Bury local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

224 GIGG LANE Sold Prices

Land registry data shows two sales for 224 GIGG 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 224 GIGG LANE sales was for below the average price, whilst the other was for above 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
2017 26 SEP	£230,000	£278,900	18% below HPI
2004 23 JUL	£212,000	£191,550	11% above HPI

224 GIGG 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 224 GIGG LANE sales from July 2004 and September 2017 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 2004 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the September 2017 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 224 GIGG LANE?

224 GIGG LANE is 83m² according to the EPC inspection conducted in May 2014. 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 224 GIGG LANE lies on this distribution: 19% of detached houses are smaller than 224 GIGG LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Bury.

224 GIGG LANE: Plot and Title Map

224 GIGG LANE sits on a plot of roughly 11.0 acres, or 44,468m². The below map shows the location of 224 GIGG 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 224 GIGG 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 224 GIGG LANE?

224 GIGG LANE is located in BURY, in the BL9 postcode district. The below map shows the position of No. 224 on GIGG LANE.