£272,955
This estimated value is based upon the latest sale price for the house of £75,000 on 30 Nov 2000. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £75,000 | 30 Nov 2000 |
| Detached |
| Leasehold |
| Floor Area: 94 sq meters or 1,011 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 2000 the House Price Index for GREATER MANCHESTER was 40.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 263.941%.Applying this 263.941% change to the original purchase price of £75,000 results in an estimated price of approximately £272,955.
| 30 Nov 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.8 | 148.6 | 263.941 % | £75,000 | £197,955 | £272,955 |
The Postcode Pricing Model uses changes in average sales price within the M40 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 | 1442.310 % | £1,081,732 | £1,156,732 |
| 3 Month Average | 583.112 % | £437,333 | £512,333 |
| 6 Month Average | 505.167 % | £378,875 | £453,875 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £185,119 | £183,500 | 26 CARNOUSTIE CLOSE |
| 25 Aug 2023 | £283,480 | £281,000 | 33 SPRING VALLEY WAY |
| 5 Jul 2023 | £172,319 | £170,000 | 16 CARNOUSTIE CLOSE |
| 27 Apr 2023 | £195,101 | £193,000 | 199 THE FAIRWAY |
| 24 Mar 2023 | £157,484 | £156,000 | 11 CARNOUSTIE CLOSE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 24 Oct 2016. Using an estimated price of £272,955 means this house is valued at £2,903 per sq meter (£269 per sq foot).
The average size of a house on THE FAIRWAY is 79 sq meters (853 sq feet).