6, VALLEY CLOSE, BURY, BL8 1WP - £182,500

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.

6 VALLEY CLOSE is a very small detached house of 79m², built in 2012, which could now be worth an estimated £328,832. It was last sold for £182,500 in April 2015, which was around 19% below the average April 2015 detached price in the Bury local authority area. The most recent EPC inspection was December 2012, where the current energy rating was C, and the potential energy rating was C.

6 VALLEY CLOSE Sold Prices

Land registry data shows two sales for 6 VALLEY 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 6 VALLEY 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
2015 30 APR	£182,500	£224,985	19% below HPI
2012 17 DEC	£180,495	£202,345	11% below HPI

6 VALLEY 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 6 VALLEY CLOSE sales from December 2012 and April 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 December 2012 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the April 2015 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 6 VALLEY CLOSE be worth now?

6 VALLEY CLOSE might now be worth an estimated £328,832.

This is based on house price inflation of 80.2%, between April 2015 and May 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 80.2% inflationary increase is applied to the most recent sale price for 6 VALLEY CLOSE of £182,500 on 30th April 2015. For the value to have increased from £182,500 to £328,832 over the ten years and eleven months to May 2026, the following assumptions must hold true:

• The value of 6 VALLEY CLOSE has moved in line with the HPI for detached houses in the Bury local authority area.
• The April 2015 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 6 VALLEY CLOSE has not materially changed since April 2015.

How Large is 6 VALLEY CLOSE?

6 VALLEY CLOSE is 79m² according to the EPC inspection conducted in December 2012. This puts it in the smallest 20% of detached houses in Bury, based on EPC data. The below chart shows the distribution of detached houses by size in Bury, and where 6 VALLEY CLOSE lies on this distribution: 14% of detached houses are smaller than 6 VALLEY CLOSE, and 85% of detached houses are larger. Note that EPC data is not available for all properties in Bury.

Where is 6 VALLEY CLOSE?

6 VALLEY CLOSE is located in BURY, in the BL8 postcode district.