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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 OAKBANK DRIVE is a very small detached house of 71m², built sometime between 2003 and 2006. It was last sold for £140,000 in January 2023, which was around 38% 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. All of the three 8 OAKBANK 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
2023 26 JAN	£140,000	£226,597	38% below HPI
2019 28 NOV	£127,000	£180,240	30% below HPI
2005 4 MAR	£125,995	£128,089	2% below 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2023 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

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 in Church, based on EPC data. The below chart shows the distribution of detached houses by size in Church, and where 8 OAKBANK DRIVE lies on this distribution: 13% of detached 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.