4, MERCER DRIVE, GREAT HARWOOD, BLACKBURN, BB6 7TX - £295,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 MERCER DRIVE is a small detached house of 100m², built sometime between 1996 and 2002, which could now be worth an estimated £323,801. It was last sold for £295,000 in September 2021, which was around 40% above the average September 2021 detached price in the Hyndburn local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

4 MERCER DRIVE Sold Prices

Land registry data shows four sales for 4 MERCER DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Hyndburn local authority area for the corresponding sale date. All of the four 4 MERCER DRIVE sales were 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
2021 10 SEP	£295,000	£210,962	40% above HPI
2014 26 SEP	£212,000	£147,702	44% above HPI
2008 14 MAR	£209,000	£170,449	23% above HPI
2001 27 JUL	£119,995	£69,170	73% above HPI

4 MERCER DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hyndburn local authority area over time, sourced from the HPI. The four 4 MERCER DRIVE sales between July 2001 and September 2021 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 2014 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the September 2021 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 4 MERCER DRIVE be worth now?

4 MERCER DRIVE might now be worth an estimated £323,801.

This is based on house price inflation of 9.8%, between September 2021 and February 2025, for detached houses, in the Hyndburn local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.8% inflationary increase is applied to the most recent sale price for 4 MERCER DRIVE of £295,000 on 10th September 2021. For the value to have increased from £295,000 to £323,801 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 4 MERCER DRIVE has moved in line with the HPI for detached houses in the Hyndburn local authority area.
• The September 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MERCER DRIVE has not materially changed since September 2021.

How Large is 4 MERCER DRIVE?

4 MERCER DRIVE is 100m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 30% of detached houses houses in Great Harwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Harwood, and where 4 MERCER DRIVE lies on this distribution: 27% of detached houses houses are smaller than 4 MERCER DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Great Harwood.

4 MERCER DRIVE: Plot and Title Map

4 MERCER DRIVE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 4 MERCER 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 4 MERCER 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 4 MERCER DRIVE?

4 MERCER DRIVE is located in GREAT HARWOOD, in the BB6 postcode district. The below map shows the position of No. 4 on MERCER DRIVE.