£374,982
This estimated value is based upon the latest sale price for the house of £350,000 on 14 Dec 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £350,000 | 14 Dec 2021 |
| £71,950 | 30 Jun 1995 |
| Detached |
| Leasehold |
| Floor Area: 124 sq meters or 1,334 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 December 2021 the House Price Index for GREATER MANCHESTER was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £350,000 results in an estimated price of approximately £374,982.
| 14 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.6 | 7.138 % | £350,000 | £24,982 | £374,982 |
The Postcode Pricing Model uses changes in average sales price within the OL6 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 | 22.467 % | £78,634 | £428,634 |
| 3 Month Average | 25.833 % | £90,416 | £440,416 |
| 6 Month Average | 18.661 % | £65,312 | £415,312 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £180,000 | £180,000 | 39 WADDICOR AVENUE |
| 15 Sep 2023 | £240,576 | £237,500 | 4 THE MERE |
| 28 Jul 2023 | £229,083 | £226,000 | 13 ST CHRISTOPHERS ROAD |
| 28 Jul 2023 | £329,434 | £325,000 | 45 THE MERE |
| 14 Jul 2023 | £405,457 | £400,000 | 14 THE MERE |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 8 Sep 2020. Using an estimated price of £374,982 means this house is valued at £3,024 per sq meter (£280 per sq foot).
The average size of a house on RUSHMERE is 76 sq meters (827 sq feet).
This house is the largest in the street with a floor area of 124 sq meters (1,334 sq feet).