£266,981
This estimated value is based upon the latest sale price for the house of £210,000 on 11 Oct 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £210,000 | 11 Oct 2017 |
| Detached |
| Freehold |
| Floor Area: 161 sq meters or 1,732 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 October 2017 the House Price Index for GREATER MANCHESTER was 117.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £210,000 results in an estimated price of approximately £266,981.
| 11 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 149.7 | 27.134 % | £210,000 | £56,981 | £266,981 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 39.334 % | £82,600 | £292,600 |
| 3 Month Average | 44.323 % | £93,078 | £303,078 |
| 6 Month Average | 37.319 % | £78,369 | £288,369 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2023 | £392,071 | £385,000 | 30 WRENBURY DRIVE |
| 9 Jun 2023 | £472,468 | £463,000 | 33 WRENBURY DRIVE |
| 31 Mar 2023 | £305,095 | £300,000 | 39 WRENBURY DRIVE |
| 17 Mar 2023 | £460,185 | £452,500 | 12 WRENBURY DRIVE |
| 6 Jan 2023 | £373,498 | £372,500 | 226A BROAD LANE |
This house has a floor area of 161 sq meters or 1,732 sq feet when measured on 11 Aug 2016. Using an estimated price of £266,982 means this house is valued at £1,658 per sq meter (£154 per sq foot).
The average size of a house on BROAD LANE is 98 sq meters (1,060 sq feet).