£420,945
This estimated value is based upon the latest sale price for the house of £335,000 on 18 May 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £335,000 | 18 May 2018 |
| Detached |
| Leasehold |
| Floor Area: 130 sq meters or 1,399 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 May 2018 the House Price Index for GREATER MANCHESTER was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £335,000 results in an estimated price of approximately £420,945.
| 18 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £335,000 | £85,945 | £420,945 |
The Postcode Pricing Model uses changes in average sales price within the WN1 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 | 42.517 % | £142,431 | £477,431 |
| 3 Month Average | 36.415 % | £121,990 | £456,990 |
| 6 Month Average | 22.668 % | £75,938 | £410,938 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2023 | £209,621 | £205,000 | 18 CARTMEL AVENUE |
| 1 Sep 2023 | £409,016 | £400,000 | 6 OAK HILL CLOSE |
| 26 Jun 2023 | £234,703 | £230,000 | 16 CARTMEL AVENUE |
| 20 Jan 2023 | £401,322 | £400,250 | 24 HAVENWOOD ROAD |
| 25 Nov 2022 | £114,465 | £115,000 | 69 SPENCER ROAD |
This house has a floor area of 130 sq meters or 1,399 sq feet when measured on 1 Feb 2018. Using an estimated price of £420,945 means this house is valued at £3,238 per sq meter (£300 per sq foot).
The average size of a house on ROMNEY WAY is 142 sq meters (1,530 sq feet).