£497,325
This estimated value is based upon the latest sale price for the house of £495,000 on 1 Aug 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £495,000 | 1 Aug 2022 |
| £130,000 | 26 Nov 1999 |
| Detached |
| Leasehold |
| Floor Area: 180 sq meters or 1,937 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 August 2022 the House Price Index for GREATER MANCHESTER was 149.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.470%.Applying this 0.470% change to the original purchase price of £495,000 results in an estimated price of approximately £497,325.
| 1 Aug 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 149.7 | 0.470 % | £495,000 | £2,325 | £497,325 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 1.086 % | £5,373 | £500,373 |
| 3 Month Average | 1.259 % | £6,233 | £501,233 |
| 6 Month Average | 2.354 % | £11,651 | £506,651 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £353,986 | £345,000 | 4 CAIRNGORM DRIVE |
| 1 Aug 2022 | £497,325 | £495,000 | 8 NORWICK CLOSE |
| 29 Jul 2022 | £434,352 | £430,000 | 13 NORWICK CLOSE |
| 20 Jun 2022 | £388,300 | £380,000 | 4 NORWICK CLOSE |
| 24 May 2022 | £231,019 | £225,000 | 13 WHITBURN CLOSE |
This house has a floor area of 180 sq meters or 1,937 sq feet when measured on 24 Nov 2021. Using an estimated price of £497,325 means this house is valued at £2,762 per sq meter (£256 per sq foot).
The average size of a house on NORWICK CLOSE is 183 sq meters (1,970 sq feet).
This house is the largest in the street with a floor area of 180 sq meters (1,937 sq feet).