41, REEDLEY DRIVE, BURNLEY, BB10 2QZ - £260,000

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.

41 REEDLEY DRIVE is a midsized extended semi-detached house of 116m², built sometime between 1900 and 1929, which could now be worth an estimated £338,071. It was last sold for £260,000 in August 2020, which was around 104% above the average August 2020 semi-detached price in the Pendle local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

41 REEDLEY DRIVE Sold Prices

Land registry data shows two sales for 41 REEDLEY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Pendle local authority area for the corresponding sale date. Both of the two 41 REEDLEY 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
2020 17 AUG	£260,000	£127,257	104% above HPI
2019 18 JAN	£150,000	£117,227	28% above HPI

41 REEDLEY DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Pendle local authority area over time, sourced from the HPI. The two 41 REEDLEY DRIVE sales from January 2019 and August 2020 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 January 2019 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2020 sale, where it rises to 104% above the HPI. The line then continues to track at 104% above the HPI.

What might 41 REEDLEY DRIVE be worth now?

41 REEDLEY DRIVE might now be worth an estimated £338,071.

This is based on house price inflation of 30%, between August 2020 and February 2025, for semi-detached houses, in the Pendle local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30% inflationary increase is applied to the most recent sale price for 41 REEDLEY DRIVE of £260,000 on 17th August 2020. For the value to have increased from £260,000 to £338,071 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 41 REEDLEY DRIVE has moved in line with the HPI for semi-detached houses in the Pendle local authority area.
• The August 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 41 REEDLEY DRIVE has not materially changed since August 2020.

How Large is 41 REEDLEY DRIVE?

41 REEDLEY DRIVE is 116m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 50% of semi-detached houses houses in Brierfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Brierfield, and where 41 REEDLEY DRIVE lies on this distribution: 48% of semi-detached houses houses are smaller than 41 REEDLEY DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Brierfield.

41 REEDLEY DRIVE: Plot and Title Map

41 REEDLEY DRIVE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 41 REEDLEY 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 41 REEDLEY 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 41 REEDLEY DRIVE?

41 REEDLEY DRIVE is located in BURNLEY, in the BB10 postcode district. The below map shows the position of No. 41 on REEDLEY DRIVE.