7, SILVERMERE CLOSE, RAMSBOTTOM, BURY, BL0 9WH - £208,000

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.

7 SILVERMERE CLOSE is a midsized detached house of 110m², built sometime between 1996 and 2002, which could now be worth an estimated £554,707. It was last sold for £208,000 in May 2003, which was around 42% above the average May 2003 detached price in the Bury local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

7 SILVERMERE CLOSE Sold Prices

Land registry data shows two sales for 7 SILVERMERE CLOSE 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 7 SILVERMERE CLOSE 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
2003 6 MAY	£208,000	£146,320	42% above HPI
2002 29 NOV	£172,000	£135,349	27% above HPI

7 SILVERMERE 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 two 7 SILVERMERE CLOSE sales from November 2002 and May 2003 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 November 2002 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the May 2003 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 7 SILVERMERE CLOSE be worth now?

7 SILVERMERE CLOSE might now be worth an estimated £554,707.

This is based on house price inflation of 166.7%, between May 2003 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 166.7% inflationary increase is applied to the most recent sale price for 7 SILVERMERE CLOSE of £208,000 on 6th May 2003. For the value to have increased from £208,000 to £554,707 over the 22 years and three months to February 2025, the following assumptions must hold true:

• The value of 7 SILVERMERE CLOSE has moved in line with the HPI for detached houses in the Bury local authority area.
• The May 2003 sale price of £208,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SILVERMERE CLOSE has not materially changed since May 2003.

How Large is 7 SILVERMERE CLOSE?

7 SILVERMERE CLOSE is 110m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 50% 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 7 SILVERMERE CLOSE lies on this distribution: 43% of detached houses houses are smaller than 7 SILVERMERE CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Ramsbottom.

7 SILVERMERE CLOSE: Plot and Title Map

7 SILVERMERE CLOSE sits on a plot of roughly 6.1 acres, or 24,729m². The below map shows the location of 7 SILVERMERE 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 7 SILVERMERE 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 7 SILVERMERE CLOSE?

7 SILVERMERE CLOSE is located in RAMSBOTTOM, in the BL0 postcode district. The below map shows the position of No. 7 on SILVERMERE CLOSE.