BURN HEAD, LANESIDE ROAD, NEW MILLS, HIGH PEAK, SK22 4LU - £400,000

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

BURN HEAD is a large extended detached house of 126m², built sometime between 1950 and 1966. It was last sold for £400,000 in December 2020, which was around 9% above the average December 2020 detached price in the High Peak local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

BURN HEAD Sold Prices

Land registry data shows four sales for BURN HEAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the High Peak local authority area for the corresponding sale date. Most of the four BURN HEAD 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
2020 11 DEC	£400,000	£367,093	9% above HPI
2017 7 FEB	£360,000	£299,984	20% above HPI
2006 28 JUL	£310,000	£271,024	14% above HPI
2003 17 DEC	£190,000	£213,376	11% below HPI

BURN HEAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the High Peak local authority area over time, sourced from the HPI. The four BURN HEAD sales between December 2003 and December 2020 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 February 2017 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the December 2020 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is BURN HEAD?

BURN HEAD is 126m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the largest 40% of detached houses in New Mills, based on EPC data. The below chart shows the distribution of detached houses by size in New Mills, and where BURN HEAD lies on this distribution: 60% of detached houses are smaller than BURN HEAD, and 39% of houses are larger. Note that EPC data is not available for all properties in New Mills.

BURN HEAD: Plot and Title Map

BURN HEAD sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of BURN HEAD, 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 BURN HEAD). 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 BURN HEAD?

BURN HEAD is located on LANESIDE ROAD in NEW MILLS, in the SK22 postcode district. The below map shows the position of BURN HEAD on LANESIDE ROAD.