49, MILE LANE, BURY, BL8 2JW - £345,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

49 MILE LANE is a large extended detached house of 134m², built sometime between 1967 and 1975. It was last sold for £345,000 in March 2021, which was around 1% above the average March 2021 detached price in the Bury local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

49 MILE LANE Sold Prices

Land registry data shows two sales for 49 MILE LANE 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. One of the two 49 MILE LANE sales was for above the average price, whilst the other was 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
2021 29 MAR	£345,000	£340,573	1% above HPI
2016 29 APR	£205,000	£243,869	16% below HPI

49 MILE LANE 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 49 MILE LANE sales from April 2016 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 April 2016 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 49 MILE LANE?

49 MILE LANE is 134m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses in Bury, based on EPC data. The below chart shows the distribution of detached houses by size in Bury, and where 49 MILE LANE lies on this distribution: 76% of detached houses are smaller than 49 MILE LANE, and 23% of houses are larger. Note that EPC data is not available for all properties in Bury.

49 MILE LANE: Plot and Title Map

49 MILE LANE sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 49 MILE LANE, 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 49 MILE LANE). 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 49 MILE LANE?

49 MILE LANE is located in BURY, in the BL8 postcode district. The below map shows the position of No. 49 on MILE LANE.