£390,973
This estimated value is based upon the latest sale price for the house of £240,000 on 1 Feb 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £240,000 | 1 Feb 2007 |
| Semi-Detached |
| Leasehold |
| Floor Area: 102 sq meters or 1,097 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 February 2007 the House Price Index for GREATER MANCHESTER was 91.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 62.906%.Applying this 62.906% change to the original purchase price of £240,000 results in an estimated price of approximately £390,973.
| 1 Feb 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.2 | 148.6 | 62.906 % | £240,000 | £150,973 | £390,973 |
The Postcode Pricing Model uses changes in average sales price within the WA14 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 | 9.008 % | £21,619 | £261,619 |
| 3 Month Average | 75.403 % | £180,966 | £420,966 |
| 6 Month Average | 77.846 % | £186,830 | £426,830 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £481,480 | £475,000 | 7 STOUR CLOSE |
| 30 Jun 2023 | £759,196 | £750,000 | 2 MEDWAY CRESCENT |
| 14 Jun 2023 | £795,638 | £786,000 | 16 SWALE DRIVE |
| 6 Feb 2023 | £359,758 | £360,000 | 42 WAVENEY DRIVE |
| 31 Mar 2022 | £445,593 | £430,000 | 28 MEDWAY CRESCENT |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 6 Jul 2018. Using an estimated price of £390,973 means this house is valued at £3,833 per sq meter (£356 per sq foot).
The average size of a house on MEDWAY CRESCENT is 99 sq meters (1,065 sq feet).