£162,798
This estimated value is based upon the latest sale price for the house of £122,000 on 11 Oct 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£122,000 | 11 Oct 2016 |
£160,000 | 21 Aug 2008 |
Semi-Detached |
Leasehold |
Floor Area: 81 sq meters or 871 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 October 2016 the House Price Index for GREATER MANCHESTER was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £122,000 results in an estimated price of approximately £162,798.
11 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.2 | 149.7 | 33.441 % | £122,000 | £40,798 | £162,798 |
The Postcode Pricing Model uses changes in average sales price within the M40 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 | 70.930 % | £86,535 | £208,535 |
3 Month Average | 79.642 % | £97,163 | £219,163 |
6 Month Average | 74.519 % | £90,913 | £212,913 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Apr 2024 | £206,796 | £205,000 | 78 NINA DRIVE |
17 Feb 2023 | £166,110 | £165,000 | 88 NINA DRIVE |
15 Feb 2023 | £251,681 | £250,000 | 15 CARVILLE ROAD |
5 Jan 2023 | £241,646 | £241,000 | 11 CAEN AVENUE |
30 May 2022 | £282,356 | £275,000 | 2 CAEN AVENUE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 12 Jul 2016. Using an estimated price of £162,798 means this house is valued at £2,009 per sq meter (£186 per sq foot).
The average size of a house on NINA DRIVE is 89 sq meters (966 sq feet).