48, THE DRIVE, BURY, BL9 5DG - £443,500

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.

48 THE DRIVE is a very large detached house of 224m², built sometime between 1950 and 1966, which could now be worth an estimated £527,263. It was last sold for £443,500 in March 2021, which was around 35% above the average March 2021 detached price in the Bury local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was C.

48 THE DRIVE Sold Prices

Land registry data shows three sales for 48 THE 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 48 THE 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 2 MAR	£443,500	£328,224	35% above HPI
1999 1 DEC	£210,000	£89,680	134% above HPI
1998 15 APR	£209,500	£79,404	164% above HPI

48 THE 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 48 THE DRIVE sales between April 1998 and March 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 December 1999 sale was for 134% above the HPI. So the extrapolation line tracks at 134% above the HPI over time, until the March 2021 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 48 THE DRIVE be worth now?

48 THE DRIVE might now be worth an estimated £527,263.

This is based on house price inflation of 18.9%, between March 2021 and February 2025, for detached houses, in the Bury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.9% inflationary increase is applied to the most recent sale price for 48 THE DRIVE of £443,500 on 2nd March 2021. For the value to have increased from £443,500 to £527,263 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 48 THE DRIVE has moved in line with the HPI for detached houses in the Bury local authority area.
• The March 2021 sale price of £443,500 represented a fair market value for the property.
• The size, condition, and specification of 48 THE DRIVE has not materially changed since March 2021.

How Large is 48 THE DRIVE?

48 THE DRIVE is 224m² according to the EPC inspection conducted in May 2019. This puts it in the largest 10% of detached houses houses in Bury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bury, and where 48 THE DRIVE lies on this distribution: 98% of detached houses houses are smaller than 48 THE DRIVE, and 2% of houses are larger. Note that EPC data is not available for all properties in Bury.

48 THE DRIVE: Plot and Title Map

48 THE DRIVE sits on a plot of roughly 0.216 of an acre, or 875m². The below map shows the location of 48 THE 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 48 THE 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 48 THE DRIVE?

48 THE DRIVE is located in BURY, in the BL9 postcode district. The below map shows the position of No. 48 on THE DRIVE.