£365,878
This estimated value is based upon the latest sale price for the house of £78,950 on 27 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 |
---|---|
£78,950 | 27 Nov 1998 |
Detached |
Freehold |
Floor Area: 131 sq meters or 1,410 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 Mar 2024 is 148.6 which is a change of 363.431%.Applying this 363.431% change to the original purchase price of £78,950 results in an estimated price of approximately £365,878.
27 Nov 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
32.1 | 148.6 | 363.431 % | £78,950 | £286,928 | £365,878 |
The Postcode Pricing Model uses changes in average sales price within the WN2 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 | 306.648 % | £242,098 | £321,048 |
3 Month Average | 289.676 % | £228,699 | £307,649 |
6 Month Average | 248.331 % | £196,056 | £275,006 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £159,867 | £157,500 | 17 MONTFORD RISE |
31 Aug 2023 | £206,809 | £205,000 | 163 ASHBOURNE AVENUE |
25 Aug 2023 | £186,633 | £185,000 | 7 GRAY CLOSE |
31 Jan 2023 | £152,283 | £153,000 | 5 AMETHYST CLOSE |
27 Jan 2023 | £122,423 | £123,000 | 2 DRYTON WALK |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 26 May 2016. Using an estimated price of £365,878 means this house is valued at £2,792 per sq meter (£259 per sq foot).
The average size of a house on GRAY CLOSE is 81 sq meters (874 sq feet).
This house is the largest in the street with a floor area of 131 sq meters (1,410 sq feet).