5, SPRINGFIELD ROAD, RAMSBOTTOM, BURY, BL0 9SU - £300,000

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.

5 SPRINGFIELD ROAD is a very small extended detached house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £341,219. It was last sold for £300,000 in August 2021, which was around 13% below the average August 2021 detached price in the Bury local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

5 SPRINGFIELD ROAD Sold Prices

Land registry data shows three sales for 5 SPRINGFIELD ROAD 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 5 SPRINGFIELD ROAD 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 20 AUG	£300,000	£343,077	13% below HPI
2017 3 MAR	£220,000	£249,775	12% below HPI
2010 2 AUG	£180,000	£216,008	17% below HPI

5 SPRINGFIELD ROAD 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 5 SPRINGFIELD ROAD sales between August 2010 and August 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 March 2017 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 5 SPRINGFIELD ROAD be worth now?

5 SPRINGFIELD ROAD might now be worth an estimated £341,219.

This is based on house price inflation of 13.7%, between August 2021 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 13.7% inflationary increase is applied to the most recent sale price for 5 SPRINGFIELD ROAD of £300,000 on 20th August 2021. For the value to have increased from £300,000 to £341,219 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 5 SPRINGFIELD ROAD has moved in line with the HPI for detached houses in the Bury local authority area.
• The August 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPRINGFIELD ROAD has not materially changed since August 2021.

How Large is 5 SPRINGFIELD ROAD?

5 SPRINGFIELD ROAD is 88m², which includes two extensions, according to the EPC inspection conducted in July 2011. This puts it in the smallest 20% 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 5 SPRINGFIELD ROAD lies on this distribution: 19% of detached houses houses are smaller than 5 SPRINGFIELD ROAD, and 81% of houses are larger. Note that EPC data is not available for all properties in Ramsbottom.

5 SPRINGFIELD ROAD: Plot and Title Map

5 SPRINGFIELD ROAD sits on a plot of roughly 0.469 of an acre, or 1,899m². The below map shows the location of 5 SPRINGFIELD ROAD, 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 5 SPRINGFIELD ROAD). 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 5 SPRINGFIELD ROAD?

5 SPRINGFIELD ROAD is located in RAMSBOTTOM, in the BL0 postcode district. The below map shows the position of No. 5 on SPRINGFIELD ROAD.