3, LARK VALE, BINGLEY, BD16 3QA - £368,000

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.

3 LARK VALE is a midsized detached house of 143m², which could now be worth an estimated £511,520. It was last sold for £368,000 in July 2018, which was around 56% above the average July 2018 detached price in the Bradford local authority area. The most recent EPC inspection was September 2008, where the current energy rating was D, and the potential energy rating was C.

3 LARK VALE Sold Prices

Land registry data shows two sales for 3 LARK VALE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bradford local authority area for the corresponding sale date. Both of the two 3 LARK VALE 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 20 JUL	£368,000	£235,536	56% above HPI
2001 31 AUG	£166,000	£92,779	79% above HPI

3 LARK VALE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bradford local authority area over time, sourced from the HPI. The two 3 LARK VALE sales from August 2001 and July 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 August 2001 sale was for 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the July 2018 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 3 LARK VALE be worth now?

3 LARK VALE might now be worth an estimated £511,520.

This is based on house price inflation of 39%, between July 2018 and July 2026, for detached houses, in the Bradford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39% inflationary increase is applied to the most recent sale price for 3 LARK VALE of £368,000 on 20th July 2018. For the value to have increased from £368,000 to £511,520 over the eight years to July 2026, the following assumptions must hold true:

• The value of 3 LARK VALE has moved in line with the HPI for detached houses in the Bradford local authority area.
• The July 2018 sale price of £368,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LARK VALE has not materially changed since July 2018.

How Large is 3 LARK VALE?

3 LARK VALE is 143m² according to the EPC inspection conducted in September 2008. This puts it in the largest 50% of detached houses in Bingley, based on EPC data. The below chart shows the distribution of detached houses by size in Bingley, and where 3 LARK VALE lies on this distribution: 59% of detached houses are smaller than 3 LARK VALE, and 40% of detached houses are larger. Note that EPC data is not available for all properties in Bingley.

3 LARK VALE: Plot

3 LARK VALE sits on a plot of roughly 0.143 of an acre, or 577m².

Where is 3 LARK VALE?

3 LARK VALE is located in BINGLEY, in the BD16 postcode district.