£296,009
This estimated value is based upon the latest sale price for the house of £240,000 on 17 Jul 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £240,000 | 17 Jul 2019 |
| £207,500 | 18 Dec 2014 |
| Detached |
| Freehold |
| Floor Area: 100 sq meters or 1,076 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER MANCHESTER to estimate the market value.
When this house was purchased in July 2019 the House Price Index for GREATER MANCHESTER was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £240,000 results in an estimated price of approximately £296,009.
| 17 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £240,000 | £56,009 | £296,009 |
The Postcode Pricing Model uses changes in average sales price within the BL5 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 48.408 % | £116,180 | £356,180 |
| 3 Month Average | 28.412 % | £68,189 | £308,189 |
| 6 Month Average | 34.225 % | £82,140 | £322,140 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £293,129 | £288,000 | 24 REYNOLDS DRIVE |
| 30 Jun 2023 | £187,268 | £185,000 | 15 FAIRLYN DRIVE |
| 8 Jun 2023 | £293,556 | £290,000 | 3 ELMWOOD CLOSE |
| 3 Mar 2023 | £222,092 | £220,000 | 6 CHERRYWOOD AVENUE |
| 30 Jun 2022 | £365,160 | £360,000 | 12 CHERRYWOOD AVENUE |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 8 May 2014. Using an estimated price of £296,010 means this house is valued at £2,960 per sq meter (£275 per sq foot).