£467,833
This estimated value is based upon the latest sale price for the house of £390,000 on 27 Mar 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £390,000 | 27 Mar 2020 |
| Detached |
| Freehold |
| Floor Area: 172 sq meters or 1,851 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 March 2020 the House Price Index for GREATER MANCHESTER was 123.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 19.957%.Applying this 19.957% change to the original purchase price of £390,000 results in an estimated price of approximately £467,833.
| 27 Mar 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.0 | 19.957 % | £390,000 | £77,833 | £467,833 |
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 | 63.387 % | £247,210 | £637,210 |
| 3 Month Average | 21.629 % | £84,352 | £474,352 |
| 6 Month Average | 12.147 % | £47,371 | £437,371 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £541,831 | £540,000 | 7 ROWAN MEADOWS |
| 4 Aug 2023 | £485,452 | £482,500 | 20 ROWAN MEADOWS |
| 30 Jun 2023 | £312,534 | £310,000 | 30 KENWOOD AVENUE |
| 21 Oct 2022 | £537,017 | £545,000 | 2 ROWAN MEADOWS |
| 12 Aug 2022 | £302,953 | £305,000 | 4 MILLSIDE CLOSE |
This house has a floor area of 172 sq meters or 1,851 sq feet when measured on 16 Mar 2020. Using an estimated price of £467,834 means this house is valued at £2,719 per sq meter (£252 per sq foot).
The average size of a house on ROWAN MEADOWS is 159 sq meters (1,720 sq feet).