8, ELDER DRIVE, BOLTON, BL3 1AT - £197,500

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.

8 ELDER DRIVE is a midsized detached house of 112m², built sometime between 2003 and 2006, which could now be worth an estimated £323,964. It was last sold for £197,500 in August 2016, which was around 11% below the average August 2016 detached price in the Bolton local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

8 ELDER DRIVE Sold Prices

Land registry data shows two sales for 8 ELDER DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bolton local authority area for the corresponding sale date. Both of the two 8 ELDER 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
2016 8 AUG	£197,500	£221,037	11% below HPI
2007 10 JUL	£199,995	£225,901	11% below HPI

8 ELDER DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bolton local authority area over time, sourced from the HPI. The two 8 ELDER DRIVE sales from July 2007 and August 2016 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 July 2007 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2016 sale, which was also at 11% below the HPI.

What might 8 ELDER DRIVE be worth now?

8 ELDER DRIVE might now be worth an estimated £323,964.

This is based on house price inflation of 64%, between August 2016 and February 2025, for detached houses, in the Bolton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 64% inflationary increase is applied to the most recent sale price for 8 ELDER DRIVE of £197,500 on 8th August 2016. For the value to have increased from £197,500 to £323,964 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 8 ELDER DRIVE has moved in line with the HPI for detached houses in the Bolton local authority area.
• The August 2016 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 8 ELDER DRIVE has not materially changed since August 2016.

How Large is 8 ELDER DRIVE?

8 ELDER DRIVE is 112m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 50% of detached houses houses in Bolton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bolton, and where 8 ELDER DRIVE lies on this distribution: 48% of detached houses houses are smaller than 8 ELDER DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Bolton.

8 ELDER DRIVE: Plot and Title Map

8 ELDER DRIVE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 8 ELDER 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 8 ELDER 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 8 ELDER DRIVE?

8 ELDER DRIVE is located in BOLTON, in the BL3 postcode district. The below map shows the position of No. 8 on ELDER DRIVE.