£317,742
This estimated value is based upon the latest sale price for the house of £202,500 on 7 Mar 2008. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £202,500 | 7 Mar 2008 |
| £50,000 | 21 Dec 1999 |
| Semi-Detached |
| Leasehold |
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 March 2008 the House Price Index for GREATER MANCHESTER was 94.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 56.910%.Applying this 56.910% change to the original purchase price of £202,500 results in an estimated price of approximately £317,742.
| 7 Mar 2008 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 148.0 | 56.910 % | £202,500 | £115,242 | £317,742 |
The Postcode Pricing Model uses changes in average sales price within the M28 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 | 55.736 % | £112,866 | £315,366 |
| 3 Month Average | 82.601 % | £167,267 | £369,767 |
| 6 Month Average | 67.520 % | £136,727 | £339,227 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £215,000 | £215,000 | 48 OLD CLOUGH LANE |
| 15 Dec 2023 | £326,171 | £320,000 | 92 OAKWOOD DRIVE |
| 14 Feb 2023 | £220,955 | £222,000 | 69 OLD CLOUGH LANE |
| 3 Feb 2023 | £203,040 | £204,000 | 24 OLD CLOUGH LANE |
| 23 Aug 2022 | £124,161 | £125,000 | 60 OAKWOOD DRIVE |