£356,343
This estimated value is based upon the latest sale price for the house of £238,000 on 28 Nov 2014. 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 Nov 2014 |
| Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,263 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 2014 the House Price Index for GREATER MANCHESTER was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £238,000 results in an estimated price of approximately £356,343.
| 28 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £238,000 | £118,343 | £356,343 |
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 | 22.122 % | £52,651 | £290,651 |
| 3 Month Average | 34.381 % | £81,826 | £319,826 |
| 6 Month Average | 33.261 % | £79,161 | £317,161 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2023 | £388,398 | £385,000 | 30 WRENBURY DRIVE |
| 9 Jun 2023 | £468,677 | £463,000 | 33 WRENBURY DRIVE |
| 31 Mar 2023 | £302,853 | £300,000 | 39 WRENBURY DRIVE |
| 17 Mar 2023 | £456,804 | £452,500 | 12 WRENBURY DRIVE |
| 6 Jan 2023 | £370,754 | £372,500 | 226A BROAD LANE |
This house has a floor area of 117 sq meters or 1,263 sq feet when measured on 9 Dec 2011. Using an estimated price of £356,344 means this house is valued at £3,035 per sq meter (£281 per sq foot).
The average size of a house on MILNGATE CLOSE is 198 sq meters (2,138 sq feet).
This house is the smallest in the street with a floor area of 117 sq meters (1,263 sq feet).