38, GRASMERE DRIVE, BURY, BL9 9GA - £175,000

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

38 GRASMERE DRIVE is a midsized detached house of 103m², built sometime between 1996 and 2002. It was last sold for £175,000 in February 2016, which was around 28% below the average February 2016 detached price in the Bury local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

38 GRASMERE DRIVE Sold Prices

Land registry data shows two sales for 38 GRASMERE 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 Bury local authority area for the corresponding sale date. Both of the two 38 GRASMERE 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 29 FEB	£175,000	£242,748	28% below HPI
2004 27 FEB	£159,950	£174,282	8% below HPI

38 GRASMERE 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 two 38 GRASMERE DRIVE sales from February 2004 and February 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 February 2004 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2016 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 38 GRASMERE DRIVE?

38 GRASMERE DRIVE is 103m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 50% of detached houses in Bury, based on EPC data. The below chart shows the distribution of detached houses by size in Bury, and where 38 GRASMERE DRIVE lies on this distribution: 41% of detached houses are smaller than 38 GRASMERE DRIVE, and 58% of houses are larger. Note that EPC data is not available for all properties in Bury.

38 GRASMERE DRIVE: Plot and Title Map

38 GRASMERE DRIVE sits on a plot of roughly 6.2 acres, or 25,221m². The below map shows the location of 38 GRASMERE 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 38 GRASMERE 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 38 GRASMERE DRIVE?

38 GRASMERE DRIVE is located in BURY, in the BL9 postcode district. The below map shows the position of No. 38 on GRASMERE DRIVE.