7, SPRINGWATER AVENUE, RAMSBOTTOM, BURY, BL0 9RH - £226,500

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 SPRINGWATER AVENUE is a small detached house of 99m², built sometime between 1950 and 1966, which could now be worth an estimated £405,175. It was last sold for £226,500 in March 2015, which was around 1% above the average March 2015 detached price in the Bury local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was C.

7 SPRINGWATER AVENUE Sold Prices

Land registry data shows three sales for 7 SPRINGWATER AVENUE 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. Two of the three 7 SPRINGWATER AVENUE sales were for above the average price, whilst one 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
2015 13 MAR	£226,500	£223,823	1% above HPI
2000 23 OCT	£105,000	£96,776	8% above HPI
1995 16 JUN	£70,000	£73,694	5% below HPI

7 SPRINGWATER AVENUE 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 7 SPRINGWATER AVENUE sales between June 1995 and March 2015 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 October 2000 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the March 2015 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 7 SPRINGWATER AVENUE be worth now?

7 SPRINGWATER AVENUE might now be worth an estimated £405,175.

This is based on house price inflation of 78.9%, between March 2015 and April 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 78.9% inflationary increase is applied to the most recent sale price for 7 SPRINGWATER AVENUE of £226,500 on 13th March 2015. For the value to have increased from £226,500 to £405,175 over the ten years and eleven months to April 2026, the following assumptions must hold true:

• The value of 7 SPRINGWATER AVENUE has moved in line with the HPI for detached houses in the Bury local authority area.
• The March 2015 sale price of £226,500 represented a fair market value for the property.
• The size, condition, and specification of 7 SPRINGWATER AVENUE has not materially changed since March 2015.

How Large is 7 SPRINGWATER AVENUE?

7 SPRINGWATER AVENUE is 99m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% 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 SPRINGWATER AVENUE lies on this distribution: 29% of detached houses houses are smaller than 7 SPRINGWATER AVENUE, and 70% of houses are larger. Note that EPC data is not available for all properties in Ramsbottom.

7 SPRINGWATER AVENUE: Plot and Title Map

7 SPRINGWATER AVENUE sits on a plot of roughly 1.4 acres, or 5,465m². The below map shows the location of 7 SPRINGWATER AVENUE, 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 SPRINGWATER AVENUE). 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 SPRINGWATER AVENUE?

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