12, GOSFORTH CLOSE, BURY, BL8 1EA - £255,000

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.

12 GOSFORTH CLOSE is a midsized extended detached house of 105m², built sometime between 1967 and 1975, which could now be worth an estimated £361,759. It was last sold for £255,000 in November 2019, which was around 12% below the average November 2019 detached price in the Bury local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

12 GOSFORTH CLOSE Sold Prices

Land registry data shows two sales for 12 GOSFORTH 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 12 GOSFORTH 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
2019 29 NOV	£255,000	£291,008	12% below HPI
2004 7 MAY	£151,000	£175,262	14% below HPI

12 GOSFORTH 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 12 GOSFORTH CLOSE sales from May 2004 and November 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 2004 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2019 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 12 GOSFORTH CLOSE be worth now?

12 GOSFORTH CLOSE might now be worth an estimated £361,759.

This is based on house price inflation of 41.9%, between November 2019 and July 2026, 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 41.9% inflationary increase is applied to the most recent sale price for 12 GOSFORTH CLOSE of £255,000 on 29th November 2019. For the value to have increased from £255,000 to £361,759 over the seven years and four months to July 2026, the following assumptions must hold true:

• The value of 12 GOSFORTH CLOSE has moved in line with the HPI for detached houses in the Bury local authority area.
• The November 2019 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 12 GOSFORTH CLOSE has not materially changed since November 2019.

How Large is 12 GOSFORTH CLOSE?

12 GOSFORTH CLOSE is 105m², which includes two extensions, according to the EPC inspection conducted in April 2011. This puts it in the smallest 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 12 GOSFORTH CLOSE lies on this distribution: 43% of detached houses houses are smaller than 12 GOSFORTH CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Bury.

Where is 12 GOSFORTH CLOSE?

12 GOSFORTH CLOSE is located in BURY, in the BL8 postcode district. The below map shows the position of No. 12 on GOSFORTH CLOSE.