2, PROSPECT PLACE, BURY, BL9 8EX - £435,000

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.

2 PROSPECT PLACE is a very large extended detached house of 179m², built sometime from 2007 onwards, which could now be worth an estimated £548,046. It was last sold for £435,000 in September 2020, which was around 40% above the average September 2020 detached price in the Bury local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was B.

2 PROSPECT PLACE Sold Prices

Land registry data shows two sales for 2 PROSPECT PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bury local authority area for the corresponding sale date. Both of the two 2 PROSPECT PLACE 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
2020 22 SEP	£435,000	£309,725	40% above HPI
2009 6 FEB	£365,000	£210,954	73% above HPI

2 PROSPECT PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bury local authority area over time, sourced from the HPI. The two 2 PROSPECT PLACE sales from February 2009 and September 2020 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 February 2009 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the September 2020 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 2 PROSPECT PLACE be worth now?

2 PROSPECT PLACE might now be worth an estimated £548,046.

This is based on house price inflation of 26%, between September 2020 and February 2025, for detached houses, in the Bury local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26% inflationary increase is applied to the most recent sale price for 2 PROSPECT PLACE of £435,000 on 22nd September 2020. For the value to have increased from £435,000 to £548,046 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 PROSPECT PLACE has moved in line with the HPI for detached houses in the Bury local authority area.
• The September 2020 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PROSPECT PLACE has not materially changed since September 2020.

How Large is 2 PROSPECT PLACE?

2 PROSPECT PLACE is 179m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the largest 10% of detached houses houses in Bury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bury, and where 2 PROSPECT PLACE lies on this distribution: 93% of detached houses houses are smaller than 2 PROSPECT PLACE, and 7% of houses are larger. Note that EPC data is not available for all properties in Bury.

2 PROSPECT PLACE: Plot and Title Map

2 PROSPECT PLACE sits on a plot of roughly 0.941 of an acre, or 3,809m². The below map shows the location of 2 PROSPECT PLACE, 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 2 PROSPECT PLACE). 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 2 PROSPECT PLACE?

2 PROSPECT PLACE is located in BURY, in the BL9 postcode district. The below map shows the position of No. 2 on PROSPECT PLACE.