2, STRATHMORE CLOSE, RAMSBOTTOM, BURY, BL0 9YW - £295,000

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 STRATHMORE CLOSE is a very small detached house of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £353,905. It was last sold for £295,000 in March 2021, which was around 10% below the average March 2021 detached price in the Bury local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

2 STRATHMORE CLOSE Sold Prices

Land registry data shows three sales for 2 STRATHMORE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bury local authority area for the corresponding sale date. All of the three 2 STRATHMORE CLOSE 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
2021 25 MAR	£295,000	£328,224	10% below HPI
2013 12 JUL	£152,950	£206,485	26% below HPI
1998 10 NOV	£71,950	£83,823	14% below HPI

2 STRATHMORE CLOSE 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 three 2 STRATHMORE CLOSE sales between November 1998 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 July 2013 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the March 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 2 STRATHMORE CLOSE be worth now?

2 STRATHMORE CLOSE might now be worth an estimated £353,905.

This is based on house price inflation of 20%, between March 2021 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 20% inflationary increase is applied to the most recent sale price for 2 STRATHMORE CLOSE of £295,000 on 25th March 2021. For the value to have increased from £295,000 to £353,905 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 2 STRATHMORE CLOSE has moved in line with the HPI for detached houses in the Bury local authority area.
• The March 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 2 STRATHMORE CLOSE has not materially changed since March 2021.

How Large is 2 STRATHMORE CLOSE?

2 STRATHMORE CLOSE is 62m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% of detached houses houses in Ramsbottom, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ramsbottom, and where 2 STRATHMORE CLOSE lies on this distribution: 2% of detached houses houses are smaller than 2 STRATHMORE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Ramsbottom.

2 STRATHMORE CLOSE: Plot and Title Map

2 STRATHMORE CLOSE sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 2 STRATHMORE CLOSE, 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 STRATHMORE CLOSE). 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 STRATHMORE CLOSE?

2 STRATHMORE CLOSE is located in RAMSBOTTOM, in the BL0 postcode district. The below map shows the position of No. 2 on STRATHMORE CLOSE.