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

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.

SHERWOOD is a very large extended detached house of 251m², built sometime between 1900 and 1929, which could now be worth an estimated £769,610. It was last sold for £550,000 in March 2018, which was around 181% 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	£195,617	181% above HPI
2007 14 SEP	£430,000	£197,054	118% above HPI
2001 7 DEC	£234,000	£76,663	205% 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 118% above the HPI. So the extrapolation line tracks at 118% above the HPI over time, until the March 2018 sale, where it rises to 181% above the HPI. The line then continues to track at 181% above the HPI.

What might SHERWOOD be worth now?

SHERWOOD might now be worth an estimated £769,610.

This is based on house price inflation of 39.9%, between March 2018 and February 2025, for detached houses, in the Pendle local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.9% inflationary increase is applied to the most recent sale price for SHERWOOD of £550,000 on 2nd March 2018. For the value to have increased from £550,000 to £769,610 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of SHERWOOD has moved in line with the HPI for detached houses in the Pendle local authority area.
• The March 2018 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of SHERWOOD has not materially changed since March 2018.

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 houses in Brierfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brierfield, and where SHERWOOD lies on this distribution: 97% of detached houses 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.