8, BANKFIELD MEWS, BURY, BL9 9HQ - £169,950

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.

8 BANKFIELD MEWS is a small extended semi-detached house of 95m², built sometime between 1983 and 1990, which could now be worth an estimated £222,010. It was last sold for £169,950 in October 2020, which was around 13% below the average October 2020 semi-detached price in the Bury local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

8 BANKFIELD MEWS Sold Prices

Land registry data shows two sales for 8 BANKFIELD MEWS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Bury local authority area for the corresponding sale date. Both of the two 8 BANKFIELD MEWS 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
2020 21 OCT	£169,950	£195,403	13% below HPI
2001 16 NOV	£58,000	£62,831	8% below HPI

8 BANKFIELD MEWS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Bury local authority area over time, sourced from the HPI. The two 8 BANKFIELD MEWS sales from November 2001 and October 2020 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 2001 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the October 2020 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 8 BANKFIELD MEWS be worth now?

8 BANKFIELD MEWS might now be worth an estimated £222,010.

This is based on house price inflation of 30.6%, between October 2020 and February 2025, for semi-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 30.6% inflationary increase is applied to the most recent sale price for 8 BANKFIELD MEWS of £169,950 on 21st October 2020. For the value to have increased from £169,950 to £222,010 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 BANKFIELD MEWS has moved in line with the HPI for semi-detached houses in the Bury local authority area.
• The October 2020 sale price of £169,950 represented a fair market value for the property.
• The size, condition, and specification of 8 BANKFIELD MEWS has not materially changed since October 2020.

How Large is 8 BANKFIELD MEWS?

8 BANKFIELD MEWS is 95m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% of semi-detached houses houses in Bury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bury, and where 8 BANKFIELD MEWS lies on this distribution: 32% of semi-detached houses houses are smaller than 8 BANKFIELD MEWS, and 67% of houses are larger. Note that EPC data is not available for all properties in Bury.

8 BANKFIELD MEWS: Plot and Title Map

8 BANKFIELD MEWS sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 8 BANKFIELD MEWS, 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 BANKFIELD MEWS). 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 BANKFIELD MEWS?

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