56, LOWER MEAD DRIVE, BURNLEY, BB12 0ED - £105,000

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.

56 LOWER MEAD DRIVE is a small semi-detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £150,148. It was last sold for £105,000 in March 2019, which was around 5% above the average March 2019 semi-detached price in the Burnley local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

56 LOWER MEAD DRIVE Sold Prices

Land registry data shows four sales for 56 LOWER MEAD DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Burnley local authority area for the corresponding sale date. All of the four 56 LOWER MEAD 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
2019 15 MAR	£105,000	£100,132	5% above HPI
2006 4 AUG	£135,000	£94,617	43% above HPI
2005 11 OCT	£120,000	£84,257	42% above HPI
1995 20 OCT	£50,000	£36,211	38% above HPI

56 LOWER MEAD DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Burnley local authority area over time, sourced from the HPI. The four 56 LOWER MEAD DRIVE sales between October 1995 and March 2019 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 August 2006 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the March 2019 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 56 LOWER MEAD DRIVE be worth now?

56 LOWER MEAD DRIVE might now be worth an estimated £150,148.

This is based on house price inflation of 43%, between March 2019 and February 2025, for semi-detached houses, in the Burnley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43% inflationary increase is applied to the most recent sale price for 56 LOWER MEAD DRIVE of £105,000 on 15th March 2019. For the value to have increased from £105,000 to £150,148 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 56 LOWER MEAD DRIVE has moved in line with the HPI for semi-detached houses in the Burnley local authority area.
• The March 2019 sale price of £105,000 represented a fair market value for the property.
• The size, condition, and specification of 56 LOWER MEAD DRIVE has not materially changed since March 2019.

How Large is 56 LOWER MEAD DRIVE?

56 LOWER MEAD DRIVE is 93m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 40% of semi-detached houses houses in Burnley, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Burnley, and where 56 LOWER MEAD DRIVE lies on this distribution: 34% of semi-detached houses houses are smaller than 56 LOWER MEAD DRIVE, and 66% of houses are larger. Note that EPC data is not available for all properties in Burnley.

56 LOWER MEAD DRIVE: Plot and Title Map

56 LOWER MEAD DRIVE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 56 LOWER MEAD 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 56 LOWER MEAD 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 56 LOWER MEAD DRIVE?

56 LOWER MEAD DRIVE is located in BURNLEY, in the BB12 postcode district. The below map shows the position of No. 56 on LOWER MEAD DRIVE.