8, HAMMOND DRIVE, READ, BURNLEY, BB12 7RE - £385,000

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

8 HAMMOND DRIVE is a very large detached house of 223m², built sometime between 1976 and 1982. It was last sold for £385,000 in January 2021, which was around 13% above the average January 2021 detached price in the Ribble Valley local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

8 HAMMOND DRIVE Sold Prices

Land registry data shows three sales for 8 HAMMOND 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 Ribble Valley local authority area for the corresponding sale date. All of the three 8 HAMMOND 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 29 JAN	£385,000	£341,342	13% above HPI
2014 4 AUG	£495,000	£299,792	65% above HPI
2007 12 JAN	£470,000	£291,002	62% above HPI

8 HAMMOND DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The three 8 HAMMOND DRIVE sales between January 2007 and January 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 August 2014 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the January 2021 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 8 HAMMOND DRIVE?

8 HAMMOND DRIVE is 223m² according to the EPC inspection conducted in April 2014. This puts it in the largest 10% of detached houses in Read, based on EPC data. The below chart shows the distribution of detached houses by size in Read, and where 8 HAMMOND DRIVE lies on this distribution: 94% of detached houses are smaller than 8 HAMMOND DRIVE, and 5% of houses are larger. Note that EPC data is not available for all properties in Read.

8 HAMMOND DRIVE: Plot and Title Map

8 HAMMOND DRIVE sits on a plot of roughly 0.413 of an acre, or 1,673m². The below map shows the location of 8 HAMMOND 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 HAMMOND 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 HAMMOND DRIVE?

8 HAMMOND DRIVE is located in READ, in the BB12 postcode district. The below map shows the position of No. 8 on HAMMOND DRIVE.