# House prices in BL8 1 (Bury)

## Defining 'BL8 1'

This analysis is limited to properties whose postcode starts with "BL8 1", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Bury.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

## Price per square metre

Knowing the average house price in Bury is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. 4, Fenton Street, Bury, sold for £145,000 on Mar-2024. Given the internal area of 76 square metres, the price per sqm is £1,907.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 284 sales in Bury (BL8 1) that took place in the last two years.

##### Distribution of £ per sqm for Bury
Distribution of £ per sqm house prices in Bury

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in Bury (BL8 1). Of the 284 transactions, half were sold for between £2,050 and £3,180 per square metre. The median, or 'middle', price per square metre in 'BL8 1' is £2,540. Notably, only 25% of properties that sold recently were valued at more than £3,180 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

## Price map for Bury

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Bury. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Bury

## Comparison with neighbouring postcode sectors

The table below shows how 'BL8 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BL8 2 Bury £1,910 sqm £2,740 sqm £3,420 sqm
BL8 3 Tottington £2,200 sqm £2,590 sqm £3,150 sqm
BL8 4 Greenmount £2,860 sqm £3,400 sqm £4,060 sqm
BL8 1 Bury £2,050 sqm £2,540 sqm £3,180 sqm

## Will Bury house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for BL8 1 (Bury) compared with both the wider area BL8 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

##### Historic price per square metre in Bury,Bury
House price trends for Bury

For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

##### Most recent BL8 1 sales
Recent trends for Bury

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Bury to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Bury and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

## Street level data

Street Avg size Avg £sqm Recent sales
Walshaw Road, Bury, BL8 1P 85 sqm £2,330 26
Kingsbury Close, Bury, BL8 1W 110 sqm £2,432 18
Walshaw Road, Bury, BL8 1N 76 sqm £2,037 17
Tottington Road, Bury, BL8 1S 72 sqm £1,598 16
Elton Fold Chase, Bury, BL8 1P 76 sqm £3,091 15
Cotswold Crescent, Bury, BL8 1Q 74 sqm £3,380 14
Tottington Road, Bury, BL8 1T 90 sqm £2,050 14
Tottington Road, Bury, BL8 1R 88 sqm £2,015 13

## New build activity

Street Avg size Avg £sqm New build sales
Prospect Terrace, Bury, BL8 1D 69 sqm £2,187 33

Prospect Terrace, Bury, BL8 1D has seen 33 new build sales in the last 4 years (average price £136,693). These new build homes typically have an internal area of 69 sqm, with an average price of £2,187 sqm. This £sqm average is £-353 below the average for BL8 1. New builds typically command a £ per sqm premium. In the case of Prospect Terrace the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

## Raw data

Our analysis of Bury is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.