8, PROSPECT PLACE, BURY, BL9 8EX - £385,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 PROSPECT PLACE is a very large extended detached house of 166m², built sometime between 2003 and 2006. It was last sold for £385,000 in September 2019, which was around 28% above the average September 2019 detached price in the Bury local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

8 PROSPECT PLACE Sold Prices

Land registry data shows two sales for 8 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. One of the two 8 PROSPECT PLACE sales was for above the average price, whilst the other was 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
2019 11 SEP	£385,000	£301,903	28% above HPI
2008 2 MAY	£174,950	£232,739	25% below HPI

8 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 8 PROSPECT PLACE sales from May 2008 and September 2019 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 May 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2019 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 8 PROSPECT PLACE?

8 PROSPECT PLACE is 166m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 10% of detached houses in Bury, based on EPC data. The below chart shows the distribution of detached houses by size in Bury, and where 8 PROSPECT PLACE lies on this distribution: 90% of detached houses are smaller than 8 PROSPECT PLACE, and 9% of houses are larger. Note that EPC data is not available for all properties in Bury.

8 PROSPECT PLACE: Plot and Title Map

8 PROSPECT PLACE sits on a plot of roughly 0.941 of an acre, or 3,809m². The below map shows the location of 8 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 8 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 8 PROSPECT PLACE?

8 PROSPECT PLACE is located in BURY, in the BL9 postcode district. The below map shows the position of No. 8 on PROSPECT PLACE.