3, LOWER MEAD DRIVE, BURNLEY, BB12 0ED - £190,000

3 LOWER MEAD DRIVE is a very small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £190,000 in January 2022, which was around 8% below the average January 2022 detached price in the Burnley local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

3 LOWER MEAD DRIVE Sold Prices

Land registry data shows two sales for 3 LOWER MEAD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Burnley local authority area for the corresponding sale date. Both of the two 3 LOWER MEAD 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
2022 28 JAN	£190,000	£206,378	8% below HPI
1999 7 MAY	£61,750	£63,930	3% below HPI

3 LOWER MEAD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Burnley local authority area over time, sourced from the HPI. The two 3 LOWER MEAD DRIVE sales from May 1999 and January 2022 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 May 1999 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the January 2022 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 3 LOWER MEAD DRIVE?

3 LOWER MEAD DRIVE is 74m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 20% of detached houses in Burnley, based on EPC data. The below chart shows the distribution of detached houses by size in Burnley, and where 3 LOWER MEAD DRIVE lies on this distribution: 13% of detached houses are smaller than 3 LOWER MEAD DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Burnley.

3 LOWER MEAD DRIVE: Plot and Title Map

3 LOWER MEAD DRIVE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 3 LOWER MEAD 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 3 LOWER MEAD 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 3 LOWER MEAD DRIVE?

3 LOWER MEAD DRIVE is located in BURNLEY, in the BB12 postcode district. The below map shows the position of No. 3 on LOWER MEAD DRIVE.