2, SPEN FOLD, BURY, BL8 2DN - £215,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 SPEN FOLD is a midsized extended detached house of 111m², built sometime between 1950 and 1966. It was last sold for £215,000 in May 2016, which was around 9% below the average May 2016 detached price in the Bury local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

2 SPEN FOLD Sold Prices

Land registry data shows two sales for 2 SPEN FOLD 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 SPEN FOLD 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
2016 18 MAY	£215,000	£237,142	9% below HPI
2011 17 JUN	£180,000	£207,654	13% below HPI

2 SPEN FOLD 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 SPEN FOLD sales from June 2011 and May 2016 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 2011 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2016 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 SPEN FOLD be worth now?

2 SPEN FOLD might now be worth an estimated £356,997.

This is based on house price inflation of 66%, between May 2016 and December 2024, 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 66% inflationary increase is applied to the most recent sale price for 2 SPEN FOLD of £215,000 on 18th May 2016. For the value to have increased from £215,000 to £356,997 over the seven years and five months to December 2024, the following assumptions must hold true:

• The value of 2 SPEN FOLD has moved in line with the HPI for detached houses in the Bury local authority area.
• The May 2016 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPEN FOLD has not materially changed since May 2016.

How Large is 2 SPEN FOLD?

2 SPEN FOLD is 111m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the largest 50% 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 SPEN FOLD lies on this distribution: 52% of detached houses houses are smaller than 2 SPEN FOLD, and 47% of houses are larger. Note that EPC data is not available for all properties in Bury.

2 SPEN FOLD: Plot and Title Map

2 SPEN FOLD sits on a plot of roughly 0.150 of an acre, or 607m². The below map shows the location of 2 SPEN FOLD, 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 SPEN FOLD). 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 SPEN FOLD?

2 SPEN FOLD is located in BURY, in the BL8 postcode district. The below map shows the position of No. 2 on SPEN FOLD.