1, MELBURY DRIVE, LOSTOCK, BOLTON, BL6 4NL - £110,000

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.

1 MELBURY DRIVE is a very small extended terraced house of 88m², built sometime between 1976 and 1982, which could now be worth an estimated £213,485. It was last sold for £110,000 in June 2013, which was around 30% above the average June 2013 terraced price in the Bolton local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was B.

1 MELBURY DRIVE Sold Prices

Land registry data shows two sales for 1 MELBURY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Bolton local authority area for the corresponding sale date. Both of the two 1 MELBURY DRIVE 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
2013 28 JUN	£110,000	£84,624	30% above HPI
2003 15 AUG	£80,000	£53,306	50% above HPI

1 MELBURY DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bolton local authority area over time, sourced from the HPI. The two 1 MELBURY DRIVE sales from August 2003 and June 2013 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 August 2003 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the June 2013 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 1 MELBURY DRIVE be worth now?

1 MELBURY DRIVE might now be worth an estimated £213,485.

This is based on house price inflation of 94.1%, between June 2013 and May 2026, for terraced houses, in the Bolton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 94.1% inflationary increase is applied to the most recent sale price for 1 MELBURY DRIVE of £110,000 on 28th June 2013. For the value to have increased from £110,000 to £213,485 over the thirteen years and one month to May 2026, the following assumptions must hold true:

• The value of 1 MELBURY DRIVE has moved in line with the HPI for terraced houses in the Bolton local authority area.
• The June 2013 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MELBURY DRIVE has not materially changed since June 2013.

How Large is 1 MELBURY DRIVE?

1 MELBURY DRIVE is 88m², which includes one extension, according to the EPC inspection conducted in December 2012. This puts it in the smallest 20% of terraced houses houses in Horwich, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Horwich, and where 1 MELBURY DRIVE lies on this distribution: 18% of terraced houses houses are smaller than 1 MELBURY DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Horwich.

1 MELBURY DRIVE: Plot and Title Map

1 MELBURY DRIVE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 1 MELBURY 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 1 MELBURY 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 1 MELBURY DRIVE?

1 MELBURY DRIVE is located in LOSTOCK, in the BL6 postcode district. The below map shows the position of No. 1 on MELBURY DRIVE.