£178,719
This estimated value is based upon the latest sale price for the house of £145,000 on 21 Feb 2020. 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 | 21 Feb 2020 |
| Semi-Detached |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 February 2020 the House Price Index for GREATER MANCHESTER was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £145,000 results in an estimated price of approximately £178,719.
| 21 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £145,000 | £33,719 | £178,719 |
The Postcode Pricing Model uses changes in average sales price within the OL15 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 | 26.367 % | £38,231 | £183,231 |
| 3 Month Average | 23.186 % | £33,620 | £178,620 |
| 6 Month Average | 22.251 % | £32,264 | £177,264 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2024 | £268,000 | £268,000 | 115 BROWN LODGE DRIVE |
| 8 Dec 2023 | £335,303 | £325,000 | 103 BROWN LODGE DRIVE |
| 8 Sep 2023 | £296,537 | £290,000 | 20 ABBEY DRIVE |
| 4 Aug 2023 | £300,418 | £295,000 | 16 LODGE BANK ROAD |
| 6 Apr 2023 | £224,193 | £220,000 | 10 LODGE BANK ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 16 Dec 2019. Using an estimated price of £178,719 means this house is valued at £2,415 per sq meter (£224 per sq foot).
The average size of a house on ABBEY DRIVE is 83 sq meters (895 sq feet).