26, MILE LANE, BURY, BL8 2JE - £305,000

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

26 MILE LANE is a small detached house of 86m², built sometime between 1967 and 1975. It was last sold for £305,000 in January 2022, which was around 17% below the average January 2022 detached price in the Bury local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

26 MILE LANE Sold Prices

Land registry data shows two sales for 26 MILE 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. Both of the two 26 MILE LANE 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
2022 14 JAN	£305,000	£366,571	17% below HPI
2010 9 SEP	£170,000	£219,769	23% below HPI

26 MILE 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 26 MILE LANE sales from September 2010 and January 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 September 2010 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2022 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 26 MILE LANE?

26 MILE LANE is 86m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 30% of detached houses in Bury, based on EPC data. The below chart shows the distribution of detached houses by size in Bury, and where 26 MILE LANE lies on this distribution: 22% of detached houses are smaller than 26 MILE LANE, and 77% of houses are larger. Note that EPC data is not available for all properties in Bury.

26 MILE LANE: Plot and Title Map

26 MILE LANE sits on a plot of roughly 0.292 of an acre, or 1,182m². The below map shows the location of 26 MILE 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 26 MILE 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 26 MILE LANE?

26 MILE LANE is located in BURY, in the BL8 postcode district. The below map shows the position of No. 26 on MILE LANE.