£373,255
This estimated value is based upon the latest sale price for the house of £79,950 on 25 Nov 1998. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£79,950 | 25 Nov 1998 |
Detached |
Freehold |
Floor Area: 68 sq meters or 731 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 November 1998 the House Price Index for GREATER MANCHESTER was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.861%.Applying this 366.861% change to the original purchase price of £79,950 results in an estimated price of approximately £373,255.
25 Nov 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
32.1 | 149.7 | 366.861 % | £79,950 | £293,305 | £373,255 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | 266.624 % | £213,166 | £293,116 |
3 Month Average | 394.619 % | £315,497 | £395,447 |
6 Month Average | 372.174 % | £297,552 | £377,502 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £225,730 | £220,000 | 35 HOLLOW VALE DRIVE |
30 Nov 2023 | £304,735 | £297,000 | 6 FELLTOP DRIVE |
1 Sep 2023 | £302,672 | £296,000 | 50 HOLLOW VALE DRIVE |
22 Jun 2023 | £321,442 | £315,000 | 10 ROTHAY DRIVE |
25 Nov 2022 | £323,487 | £325,000 | 3 DEEPDALE CLOSE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 9 Jan 2016. Using an estimated price of £373,255 means this house is valued at £5,489 per sq meter (£509 per sq foot).
The average size of a house on ERICA CLOSE is 105 sq meters (1,132 sq feet).