£87,080
This estimated value is based upon the latest sale price for the house of £27,500 on 5 Dec 2001. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £27,500 | 5 Dec 2001 |
| Semi-Detached |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 December 2001 the House Price Index for GREATER MANCHESTER was 46.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 216.655%.Applying this 216.655% change to the original purchase price of £27,500 results in an estimated price of approximately £87,080.
| 5 Dec 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.9 | 148.6 | 216.655 % | £27,500 | £59,580 | £87,080 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 237.273 % | £65,250 | £92,750 |
| 3 Month Average | 275.103 % | £75,653 | £103,153 |
| 6 Month Average | 281.472 % | £77,404 | £104,904 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £152,254 | £150,000 | 22 ROWENA STREET |
| 11 Nov 2022 | £167,965 | £170,000 | 14 WOOD EDGE CLOSE |
| 5 Aug 2022 | £139,624 | £140,000 | 4 WOOD EDGE CLOSE |
| 24 Jun 2022 | £116,648 | £115,000 | 24 ROWENA STREET |
| 19 Apr 2022 | £144,172 | £140,000 | 74 BRENTWOOD DRIVE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 14 Nov 2014. Using an estimated price of £87,080 means this house is valued at £1,226 per sq meter (£113 per sq foot).
The average size of a house on WOOD EDGE CLOSE is 84 sq meters (904 sq feet).