£240,364
This estimated value is based upon the latest sale price for the house of £92,950 on 1 Nov 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £92,950 | 1 Nov 2002 |
| Semi-Detached |
| Freehold |
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 2002 the House Price Index for GREATER MANCHESTER was 57.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 158.595%.Applying this 158.595% change to the original purchase price of £92,950 results in an estimated price of approximately £240,364.
| 1 Nov 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 57.9 | 149.7 | 158.595 % | £92,950 | £147,414 | £240,364 |
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 | 160.179 % | £148,886 | £241,836 |
| 3 Month Average | 169.620 % | £157,662 | £250,612 |
| 6 Month Average | 169.167 % | £157,240 | £250,190 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £134,121 | £130,000 | 17 PENNINE DRIVE |
| 1 Dec 2023 | £288,877 | £280,000 | 18 SEVERN DRIVE |
| 20 Oct 2023 | £317,204 | £310,000 | 3 KENSINGTON CLOSE |
| 4 Aug 2023 | £307,547 | £302,000 | 1 MENDIP DRIVE |
| 10 Mar 2023 | £213,567 | £210,000 | 24 SEVERN DRIVE |