£223,186
This estimated value is based upon the latest sale price for the house of £145,000 on 4 Jul 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £145,000 | 4 Jul 2014 |
| £75,000 | 22 Sep 2000 |
| £75,000 | 22 Sep 2000 |
| £59,995 | 11 Oct 1996 |
| Detached |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 July 2014 the House Price Index for GREATER MANCHESTER was 97.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 53.921%.Applying this 53.921% change to the original purchase price of £145,000 results in an estimated price of approximately £223,186.
| 4 Jul 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 149.7 | 53.921 % | £145,000 | £78,186 | £223,186 |
The Postcode Pricing Model uses changes in average sales price within the BL8 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 | 47.105 % | £68,301 | £213,301 |
| 3 Month Average | 39.011 % | £56,565 | £201,565 |
| 6 Month Average | 44.028 % | £63,840 | £208,840 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £203,673 | £200,000 | 18 RIVERBANK DRIVE |
| 18 Aug 2023 | £259,684 | £255,000 | 43 WOODHILL FOLD |
| 11 Aug 2023 | £239,316 | £235,000 | 36 WOODHILL FOLD |
| 1 Aug 2023 | £229,133 | £225,000 | 38 WOODHILL FOLD |
| 31 Oct 2022 | £254,151 | £255,000 | 22 ORWELL CLOSE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 12 Sep 2013. Using an estimated price of £223,186 means this house is valued at £3,719 per sq meter (£345 per sq foot).
The average size of a house on RIVERBANK DRIVE is 65 sq meters (706 sq feet).