Feb 07, 2023 by HM

House prices in Greenmount (BL8 4)

This article reveals price per square metre data and various charts to help you understand current housing market in Greenmount (BL8 4).


Defining 'BL8 4'

This analysis is limited to properties whose postcode starts with "BL8 4", this is also called the postcode sector. It is shown in red on the map above. You can click on the map labels to change to a neighbouring sector.

Price per square metre

Knowing the average house price in Greenmount 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. 530, Holcombe Road, Greenmount, Bury, sold for £370,000 on Feb-2024. Given the internal area of 84 square metres, the price per sqm is £4,404.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. ;-) They may want to convert metres 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. £4,250-£4,500, £4,500-£4,750, £4,750-£5,000 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 99 sales in Greenmount (BL8 4) that took place in the last two years.

Distribution of £ per sqm for Greenmount (BL8 4)
Distribution of £ per sqm house prices in Greenmount

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 Greenmount (BL8 4). Of the 99 transactions, half were sold for between £2,860 and £4,060 per square metre. The median, or 'middle', price per square metre in 'BL8 4' is £3,400. Notably, only 25% of properties that sold recently were valued at more than £4,060m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Greenmount

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 Greenmount. 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.

Property price heatmap for Greenmount
House price heatmap for Greenmount

Comparison with neighbouring postcode sectors

The table below shows how 'BL8 4' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BL8 3 Tottington £2,190m2 £2,580m2 £3,110m2
BL8 1 Bury £2,020m2 £2,520m2 £3,160m2
BL8 4 Greenmount £2,860m2 £3,400m2 £4,060m2
BL8 2 Bury £1,900m2 £2,800m2 £3,420m2

Will Greenmount 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 scatter plot below for BL8 4 (Greenmount). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for BL8 4 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Greenmount (BL8 4) over time
House price trends for Greenmount

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Greenmount 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. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Greenmount data or any other data I am given.

Street level data

Street Avg size Avg £/m2 Recent sales
Bolton Road, Greenmount, BL8 4J 102m2 £2,923 15
Holcombe Road, Greenmount, BL8 4B 92m2 £2,463 15
Turton Road, Greenmount, BL8 4A 111m2 £2,513 12
Springside View, Greenmount, BL8 4L 110m2 £2,949 11
Vernon Road, Greenmount, BL8 4D 105m2 £3,043 9
Victoria Street, Greenmount, BL8 4A 75m2 £2,434 8
Sandringham Drive, Greenmount, BL8 4D 89m2 £4,041 7
Holcombe Road, Greenmount, BL8 4A 110m2 £2,614 7

Search for your street here.

Raw data

Our analysis of Greenmount 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.

Address Paid m2 £/m2
530, Holcombe Rd, Greenmount, Bury £370,000
Feb-2024
84 4,404
117, Turton Rd, Greenmount, Bury £229,000
Jan-2024
75 3,053
29, Quarlton Drive, Greenmount, Bury £540,000
Jan-2024
189 2,857

See the entire list of all sales in Greenmount (BL8 4) here.

About

HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.