£226,985
This estimated value is based upon the latest sale price for the house of £225,000 on 21 Aug 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £225,000 | 21 Aug 2023 |
| £142,500 | 22 Feb 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 August 2023 the House Price Index for GREATER MANCHESTER was 147.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.883%.Applying this 0.883% change to the original purchase price of £225,000 results in an estimated price of approximately £226,985.
| 21 Aug 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.3 | 148.6 | 0.883 % | £225,000 | £1,985 | £226,985 |
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 | 369.373 % | £831,088 | £1,056,088 |
| 3 Month Average | 16.843 % | £37,896 | £262,896 |
| 6 Month Average | -1.378 % | £-3,099 | £221,900 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £226,986 | £225,000 | 2 ARDEN GROVE |
| 21 Jul 2023 | £344,638 | £340,000 | 23 MERRIDALE ROAD |
| 23 Feb 2023 | £209,859 | £210,000 | 9 WORTHINGTON STREET |
| 21 Feb 2023 | £184,876 | £185,000 | 5 ARDEN GROVE |
| 18 Mar 2022 | £323,314 | £312,000 | 4 MERRIDALE ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 28 Nov 2017. Using an estimated price of £226,986 means this house is valued at £3,289 per sq meter (£305 per sq foot).
The average size of a house on ARDEN GROVE is 115 sq meters (1,241 sq feet).
This house is the smallest in the street with a floor area of 69 sq meters (742 sq feet).