8, OAKBANK DRIVE, ACCRINGTON, BB5 0DJ - £140,000

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.

8 OAKBANK DRIVE is a very small detached house of 71m², built sometime between 2003 and 2006, which could now be worth an estimated £147,154. It was last sold for £140,000 in January 2023, which was around 36% below the average January 2023 detached price in the Hyndburn local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

8 OAKBANK DRIVE Sold Prices

Land registry data shows three sales for 8 OAKBANK 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 Hyndburn local authority area for the corresponding sale date. Two of the three 8 OAKBANK DRIVE sales were for below the average price, whilst one was 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
2023 26 JAN	£140,000	£220,300	36% below HPI
2019 28 NOV	£127,000	£175,232	28% below HPI
2005 4 MAR	£125,995	£124,530	1% above HPI

8 OAKBANK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Hyndburn local authority area over time, sourced from the HPI. The three 8 OAKBANK DRIVE sales between March 2005 and January 2023 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 November 2019 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2023 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 8 OAKBANK DRIVE be worth now?

8 OAKBANK DRIVE might now be worth an estimated £147,154.

This is based on house price inflation of 5.1%, between January 2023 and February 2025, for detached houses, in the Hyndburn local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.1% inflationary increase is applied to the most recent sale price for 8 OAKBANK DRIVE of £140,000 on 26th January 2023. For the value to have increased from £140,000 to £147,154 over the one year and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 OAKBANK DRIVE has moved in line with the HPI for detached houses in the Hyndburn local authority area.
• The January 2023 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OAKBANK DRIVE has not materially changed since January 2023.

How Large is 8 OAKBANK DRIVE?

8 OAKBANK DRIVE is 71m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses houses in Church, based on EPC data. The below chart shows the distribution of detached houses houses by size in Church, and where 8 OAKBANK DRIVE lies on this distribution: 13% of detached houses houses are smaller than 8 OAKBANK DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Church.

8 OAKBANK DRIVE: Plot and Title Map

8 OAKBANK DRIVE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 8 OAKBANK 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 OAKBANK 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 OAKBANK DRIVE?

8 OAKBANK DRIVE is located in ACCRINGTON, in the BB5 postcode district. The below map shows the position of No. 8 on OAKBANK DRIVE.