£401,218
This estimated value is based upon the latest sale price for the house of £115,900 on 11 Apr 2001. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £115,900 | 11 Apr 2001 |
| 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 April 2001 the House Price Index for GREATER MANCHESTER was 42.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 246.176%.Applying this 246.176% change to the original purchase price of £115,900 results in an estimated price of approximately £401,218.
| 11 Apr 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.9 | 148.6 | 246.176 % | £115,900 | £285,318 | £401,218 |
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 | 186.982 % | £216,712 | £332,612 |
| 3 Month Average | 205.792 % | £238,512 | £354,412 |
| 6 Month Average | 215.606 % | £249,887 | £365,787 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £340,034 | £335,000 | 6 GREENCROFT WAY |
| 14 Jun 2023 | £344,169 | £340,000 | 40 GEORGE STREET |
| 10 Jan 2023 | £159,250 | £160,000 | 16 GREENGATE CLOSE |
| 4 Jul 2022 | £310,837 | £310,000 | 4 MANOR MILL CLOSE |
| 30 Jun 2022 | £108,534 | £107,000 | 5 GREENFIELD LANE |