£289,920
This estimated value is based upon the latest sale price for the house of £238,000 on 28 Jul 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£238,000 | 28 Jul 2020 |
£188,000 | 28 Apr 2004 |
£57,000 | 17 Dec 2001 |
£83,000 | 30 Oct 1998 |
Detached |
Leasehold |
Floor Area: 88 sq meters or 947 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 July 2020 the House Price Index for GREATER MANCHESTER was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £238,000 results in an estimated price of approximately £289,920.
28 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.9 | 149.7 | 21.815 % | £238,000 | £51,920 | £289,920 |
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 | 2.602 % | £6,191 | £244,191 |
3 Month Average | 19.967 % | £47,522 | £285,522 |
6 Month Average | 30.031 % | £71,474 | £309,474 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Aug 2023 | £392,071 | £385,000 | 30 WRENBURY DRIVE |
16 Aug 2023 | £346,245 | £340,000 | 10 BURNET CLOSE |
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 |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 17 Sep 2019. Using an estimated price of £289,921 means this house is valued at £3,294 per sq meter (£306 per sq foot).
The average size of a house on RICHMOND CLOSE is 137 sq meters (1,479 sq feet).