£243,470
This estimated value is based upon the latest sale price for the house of £146,000 on 1 Dec 2006. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £146,000 | 1 Dec 2006 |
| £119,950 | 21 Nov 2003 |
| Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 2006 the House Price Index for GREATER MANCHESTER was 89.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 66.761%.Applying this 66.761% change to the original purchase price of £146,000 results in an estimated price of approximately £243,470.
| 1 Dec 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.8 | 149.7 | 66.761 % | £146,000 | £97,470 | £243,470 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 29.741 % | £43,421 | £189,421 |
| 3 Month Average | 32.797 % | £47,883 | £193,883 |
| 6 Month Average | 38.763 % | £56,594 | £202,594 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2024 | £170,000 | £170,000 | 30 SCHOFIELD STREET |
| 4 Oct 2023 | £163,718 | £160,000 | 39 SCHOFIELD STREET |
| 12 Sep 2023 | £178,945 | £175,000 | 37 SCHOFIELD STREET |
| 2 Jun 2023 | £175,517 | £172,000 | 27 SCHOFIELD STREET |
| 11 Apr 2023 | £203,812 | £200,000 | 24 DERWENT CLOSE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 20 May 2021. Using an estimated price of £243,471 means this house is valued at £3,580 per sq meter (£332 per sq foot).
The average size of a house on SCHOFIELD GARDENS is 91 sq meters (982 sq feet).