SHERWOOD, REEDLEY DRIVE, BURNLEY, BB10 2QS - £550,000

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

SHERWOOD is a very large extended detached house of 251m², built sometime between 1900 and 1929. It was last sold for £550,000 in March 2018, which was around 192% above the average March 2018 detached price in the Pendle local authority area. The most recent EPC inspection was January 2009, where the current energy rating was E, and the potential energy rating was D.

SHERWOOD Sold Prices

Land registry data shows three sales for SHERWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Pendle local authority area for the corresponding sale date. All of the three SHERWOOD 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
2018 2 MAR	£550,000	£188,543	192% above HPI
2007 14 SEP	£430,000	£189,928	126% above HPI
2001 7 DEC	£234,000	£73,891	217% above HPI

SHERWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Pendle local authority area over time, sourced from the HPI. The three SHERWOOD sales between December 2001 and March 2018 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 September 2007 sale was for 126% above the HPI. So the extrapolation line tracks at 126% above the HPI over time, until the March 2018 sale, where it rises to 192% above the HPI. The line then continues to track at 192% above the HPI.

How Large is SHERWOOD?

SHERWOOD is 251m², which includes one extension, according to the EPC inspection conducted in January 2009. This puts it in the largest 10% of detached houses in Brierfield, based on EPC data. The below chart shows the distribution of detached houses by size in Brierfield, and where SHERWOOD lies on this distribution: 97% of detached houses are smaller than SHERWOOD, and 3% of houses are larger. Note that EPC data is not available for all properties in Brierfield.

SHERWOOD: Plot and Title Map

SHERWOOD sits on a plot of roughly 0.404 of an acre, or 1,634m². The below map shows the location of SHERWOOD, 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 SHERWOOD). 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 SHERWOOD?

SHERWOOD is located on REEDLEY DRIVE in BURNLEY, in the BB10 postcode district. The below map shows the position of SHERWOOD on REEDLEY DRIVE.