40, RIVERBANK DRIVE, BURY, BL8 1UR - £245,000

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

40 RIVERBANK DRIVE is a very small detached house of 79m², built sometime between 1991 and 1995. It was last sold for £245,000 in April 2022, which was around 35% below the average April 2022 detached price in the Bury local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was D.

40 RIVERBANK DRIVE Sold Prices

Land registry data shows three sales for 40 RIVERBANK 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. All of the three 40 RIVERBANK 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
2022 1 APR	£245,000	£377,305	35% below HPI
2016 6 APR	£155,000	£243,869	36% below HPI
1996 6 DEC	£62,500	£78,765	21% below HPI

40 RIVERBANK 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 40 RIVERBANK DRIVE sales between December 1996 and April 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 April 2016 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the April 2022 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 40 RIVERBANK DRIVE?

40 RIVERBANK DRIVE is 79m² according to the EPC inspection conducted in December 2011. 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 40 RIVERBANK DRIVE lies on this distribution: 15% of detached houses are smaller than 40 RIVERBANK DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Bury.

40 RIVERBANK DRIVE: Plot and Title Map

40 RIVERBANK DRIVE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 40 RIVERBANK 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 40 RIVERBANK 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 40 RIVERBANK DRIVE?

40 RIVERBANK DRIVE is located in BURY, in the BL8 postcode district. The below map shows the position of No. 40 on RIVERBANK DRIVE.