£241,588
This estimated value is based upon the latest sale price for the house of £102,000 on 9 May 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£102,000 | 9 May 2003 |
£52,500 | 8 Dec 1995 |
Semi-Detached |
Leasehold |
Floor Area: 155 sq meters or 1,668 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 May 2003 the House Price Index for GREATER MANCHESTER was 62.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 136.852%.Applying this 136.852% change to the original purchase price of £102,000 results in an estimated price of approximately £241,588.
9 May 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
62.7 | 148.6 | 136.852 % | £102,000 | £139,588 | £241,588 |
The Postcode Pricing Model uses changes in average sales price within the BL8 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 | 177.001 % | £180,540 | £282,540 |
3 Month Average | 123.269 % | £125,734 | £227,734 |
6 Month Average | 132.750 % | £135,404 | £237,404 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Dec 2023 | £305,342 | £300,000 | 35 LOMOND DRIVE |
8 Dec 2023 | £162,849 | £160,000 | 47 WARWICK CLOSE |
29 Sep 2023 | £192,461 | £190,000 | 3 ANNECY CLOSE |
14 Jul 2023 | £198,674 | £196,000 | 12 LOMOND DRIVE |
4 Aug 2022 | £226,391 | £227,000 | 23 LOMOND DRIVE |
This house has a floor area of 155 sq meters or 1,668 sq feet when measured on 31 Jan 2020. Using an estimated price of £241,589 means this house is valued at £1,558 per sq meter (£144 per sq foot).
The average size of a house on LOMOND DRIVE is 73 sq meters (789 sq feet).
This house is the largest in the street with a floor area of 155 sq meters (1,668 sq feet).