£378,111
This estimated value is based upon the latest sale price for the house of £310,000 on 30 Jan 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £310,000 | 30 Jan 2020 |
| Detached |
| Leasehold |
| 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 January 2020 the House Price Index for GREATER MANCHESTER was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £310,000 results in an estimated price of approximately £378,111.
| 30 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £310,000 | £68,111 | £378,111 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 48.518 % | £150,406 | £460,406 |
| 3 Month Average | 29.390 % | £91,110 | £401,110 |
| 6 Month Average | 24.037 % | £74,513 | £384,513 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £480,000 | £480,000 | 52 WORDSWORTH WAY |
| 11 Sep 2023 | £151,943 | £150,000 | 775 BURY ROAD |
| 13 Mar 2023 | £151,427 | £150,000 | 799 BURY ROAD |
| 28 Feb 2023 | £194,869 | £195,000 | 769 BURY ROAD |
| 1 Feb 2023 | £189,872 | £190,000 | 809 BURY ROAD |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 28 Feb 2019. Using an estimated price of £378,111 means this house is valued at £2,886 per sq meter (£268 per sq foot).
The average size of a house on WORDSWORTH WAY is 136 sq meters (1,474 sq feet).