8, MELBURY DRIVE, LOSTOCK, BOLTON, BL6 4NL - £190,000

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.

8 MELBURY DRIVE is a small extended semi-detached house of 98m², built sometime between 1991 and 1995, which could now be worth an estimated £256,220. It was last sold for £190,000 in March 2021, which was around 17% above the average March 2021 semi-detached price in the Bolton local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

8 MELBURY DRIVE Sold Prices

Land registry data shows two sales for 8 MELBURY DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Bolton local authority area for the corresponding sale date. Both of the two 8 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
2021 29 MAR	£190,000	£162,687	17% above HPI
2007 15 JUN	£174,500	£130,267	34% above HPI

8 MELBURY DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Bolton local authority area over time, sourced from the HPI. The two 8 MELBURY DRIVE sales from June 2007 and March 2021 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 June 2007 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the March 2021 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 8 MELBURY DRIVE be worth now?

8 MELBURY DRIVE might now be worth an estimated £256,220.

This is based on house price inflation of 34.9%, between March 2021 and May 2026, for semi-detached 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 34.9% inflationary increase is applied to the most recent sale price for 8 MELBURY DRIVE of £190,000 on 29th March 2021. For the value to have increased from £190,000 to £256,220 over the four years and ten months to May 2026, the following assumptions must hold true:

• The value of 8 MELBURY DRIVE has moved in line with the HPI for semi-detached houses in the Bolton local authority area.
• The March 2021 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MELBURY DRIVE has not materially changed since March 2021.

How Large is 8 MELBURY DRIVE?

8 MELBURY DRIVE is 98m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 40% of semi-detached houses houses in Horwich, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Horwich, and where 8 MELBURY DRIVE lies on this distribution: 31% of semi-detached houses houses are smaller than 8 MELBURY DRIVE, and 66% of houses are larger. Note that EPC data is not available for all properties in Horwich.

8 MELBURY DRIVE: Plot and Title Map

8 MELBURY DRIVE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 8 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 8 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 8 MELBURY DRIVE?

8 MELBURY DRIVE is located in LOSTOCK, in the BL6 postcode district. The below map shows the position of No. 8 on MELBURY DRIVE.