3, REDMERE DRIVE, BURY, BL9 9GB - £240,000

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

3 REDMERE DRIVE is a large detached house of 131m², built sometime between 1996 and 2002. It was last sold for £240,000 in March 2018, which was around 12% below the average March 2018 detached price in the Bury local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

3 REDMERE DRIVE Sold Prices

Land registry data shows three sales for 3 REDMERE 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. Two of the three 3 REDMERE DRIVE sales were for below the average price, whilst one 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
2018 29 MAR	£240,000	£272,720	12% below HPI
2007 10 SEP	£220,000	£243,109	10% below HPI
2002 29 NOV	£146,995	£140,442	5% above HPI

3 REDMERE 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 3 REDMERE DRIVE sales between November 2002 and March 2018 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 2007 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 3 REDMERE DRIVE?

3 REDMERE DRIVE is 131m² according to the EPC inspection conducted in October 2013. This puts it in the largest 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 3 REDMERE DRIVE lies on this distribution: 73% of detached houses are smaller than 3 REDMERE DRIVE, and 26% of houses are larger. Note that EPC data is not available for all properties in Bury.

3 REDMERE DRIVE: Plot and Title Map

3 REDMERE DRIVE sits on a plot of roughly 11.0 acres, or 44,468m². The below map shows the location of 3 REDMERE 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 3 REDMERE 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 3 REDMERE DRIVE?

3 REDMERE DRIVE is located in BURY, in the BL9 postcode district. The below map shows the position of No. 3 on REDMERE DRIVE.