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2, Oakwell Drive, Bury, Greater Manchester, BL9 8LB See map
2 Oakwell Drive is a 1,010 square foot detached house with a valuation of £396,000.
Since the house was last sold in April 2022 for £387,000, its value has risen by £9,000.
Valuation Trends
Sold house prices and home valuation trends over time
Learn about how we value property
Property Summary
House features, location, and investment performance
2 Oakwell Drive is a freehold detached house, built in 1950-1966. A 2017 survey recorded the property as having 1,010 square feet of floor space and space for 3 bedrooms.
The property was a good investment for its previous owner, who made a £102,000 profit between January 2019 and April 2022.
Investment
2, Oakwell Drive, Bury, Greater Manchester BL9 8LB
Sold House Prices
Timeline of sold house prices and cost per square foot
Since 2 Oakwell Drive's first recorded sale in 2017, the house's price has risen by £214,000 or 18% per year.
During the same period, the price of an average home on Oakwell Drive increased by £108,000 or 8% per year, and the average UK home increased by 5% per year.
- Current valuation£396,000
Detached house freehold, £392 per square foot
+ 2% - Sold April 2022£387,000
Detached house freehold, £383 per square foot
+ 36% - Sold January 2019£285,000
Detached house freehold, £282 per square foot
+ 57% - Sold March 2017£182,000
Detached house freehold, £180 per square foot
Valuation Comparison
Comparison of local and national house prices
House Prices in Oakwell Drive start at £211,000 for the cheapest property on the street, rising to £396,000 for the most expensive.
2 Oakwell Drive is worth 21% more than the £327,000 average property on Oakwell Drive and 32% more than the £300,000 average home in England.
Average Detached House Prices in North West England
AREA
VALUE
Difference
2 Oakwell Drive
£396,000
Cost per square foot valuation
Using local prices per square foot as benchmarks for valuation
When valuing this property, one factor we consider is the average cost per square foot (CPSF) for detached houses in the area. Based on this metric alone, the property's valuation would be £371,000.
Our valuation is at the higher end of the £311 to £422 CPSF you would have to pay for a typical detached house in Oakwell Drive. Factors such as features and outdoor space affect CPSF, with past sale prices reflecting these differences.
Area
Cost per sq ft
Difference
2 Oakwell Drive
£392
Recently sold nearby
View allEnergy Efficiency
Energy usage and efficiency compared to the average detached house in England and Wales. Figures from a 2017 survey
PROPERTY
Average detached
EPC Rating
Energy efficiency
E
D
Energy consumption
kWh per year
37,000
25,000
CO₂ emissions
Tonnes per year
6.4
4.5
Learn about Energy Performance Certificates (EPCs)
Valuation details
Property valuation details and commonly asked questions
In this section
- What condition is the property in?
- How is the property valuation estimated?
- Where are the figures sourced?
- What should I do if the details are incorrect?
What condition is the property in?
At a sale price of £396,000, the property’s cost per square foot indicates a better condition than the neighbouring properties or that it possesses additional features to warrant the higher price.
Making home improvements could increase the cost per square foot within the £311 to £422 per square foot range we typically see for detached houses in Oakwell Drive, increasing the property's value.
How is the property valuation estimated?
Every month, our Automated Valuation Model (AVM) determines property values.
Our AVM collects data from reputable sources, like HM Land Registry, and uses the data to estimate what each property is worth.
In our tests, we have found that the sale price of a property falls within our AVM's confidence range in most cases. However, there are scenarios where the valuations are not accurate. For example, if significant alterations have been made to a property recently or if a property is unique with few comparables.
For more details on the workings of our AVM, including its strengths, limitations, and how it measures up to traditional valuation methods, please refer to our guide 'How We Value Property'.
We try to make the valuations as accurate as possible, but they are estimates. When buying or selling property, you should speak to a qualified professional.
Where are the figures sourced?
Sold house prices, and data on property types/tenures, are sourced from the HM Land Registry.
There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.
Other property details, such as energy efficiency, are estimates from a 2017 property survey.
What should I do if the details are incorrect?
We generate all our property valuations programmatically. They cannot be manually edited based on new information, such as evidence of redevelopment.
If sold property prices or property types are incorrect, you should verify them with HM Land Registry. You can notify HM Land Registry of any errors.
If any other property details are incorrect or out-of-date, they will update automatically when next surveyed.
You can verify property details related to energy efficiency.
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