5, SPRINGSIDE COTTAGES, SPRINGSIDE VIEW, BURY, BL8 4LN - £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.

5 SPRINGSIDE COTTAGES is a midsized extended terraced house of 118m², built sometime before 1900, which could now be worth an estimated £294,484. It was last sold for £255,000 in August 2021, which was around 54% above the average August 2021 terraced price in the Bury local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was B.

5 SPRINGSIDE COTTAGES Sold Prices

Land registry data shows three sales for 5 SPRINGSIDE COTTAGES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Bury local authority area for the corresponding sale date. All of the three 5 SPRINGSIDE COTTAGES 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
2021 16 AUG	£255,000	£165,257	54% above HPI
2004 12 JAN	£137,000	£74,117	85% above HPI
2000 18 AUG	£69,950	£39,444	77% above HPI

5 SPRINGSIDE COTTAGES Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bury local authority area over time, sourced from the HPI. The three 5 SPRINGSIDE COTTAGES sales between August 2000 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 January 2004 sale was for 85% above the HPI. So the extrapolation line tracks at 85% above the HPI over time, until the August 2021 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might 5 SPRINGSIDE COTTAGES be worth now?

5 SPRINGSIDE COTTAGES might now be worth an estimated £294,484.

This is based on house price inflation of 15.5%, between August 2021 and June 2025, for terraced 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 15.5% inflationary increase is applied to the most recent sale price for 5 SPRINGSIDE COTTAGES of £255,000 on 16th August 2021. For the value to have increased from £255,000 to £294,484 over the four years and two months to June 2025, the following assumptions must hold true:

• The value of 5 SPRINGSIDE COTTAGES has moved in line with the HPI for terraced houses in the Bury local authority area.
• The August 2021 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SPRINGSIDE COTTAGES has not materially changed since August 2021.

How Large is 5 SPRINGSIDE COTTAGES?

5 SPRINGSIDE COTTAGES is 118m², which includes one extension, according to the EPC inspection conducted in April 2021. This puts it in the largest 40% of terraced houses houses in Bury, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bury, and where 5 SPRINGSIDE COTTAGES lies on this distribution: 60% of terraced houses houses are smaller than 5 SPRINGSIDE COTTAGES, and 39% of houses are larger. Note that EPC data is not available for all properties in Bury.

5 SPRINGSIDE COTTAGES: Plot and Title Map

5 SPRINGSIDE COTTAGES sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 5 SPRINGSIDE COTTAGES, 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 SPRINGSIDE COTTAGES). 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 SPRINGSIDE COTTAGES?

5 SPRINGSIDE COTTAGES is located on SPRINGSIDE VIEW in BURY, in the BL8 postcode district. The below map shows the position of 5 SPRINGSIDE COTTAGES on SPRINGSIDE VIEW.