£104,817
This estimated value is based upon the latest sale price for the house of £62,632 on 21 Jan 2013. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £62,632 | 21 Jan 2013 |
| £20,000 | 7 Jan 2002 |
| Semi-Detached |
| Freehold |
| 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 January 2013 the House Price Index for GREATER MANCHESTER was 87.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 67.354%.Applying this 67.354% change to the original purchase price of £62,632 results in an estimated price of approximately £104,817.
| 21 Jan 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 146.7 | 67.354 % | £62,632 | £42,185 | £104,817 |
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 | 96.992 % | £60,747 | £123,379 |
| 3 Month Average | 27.198 % | £17,034 | £79,666 |
| 6 Month Average | 39.010 % | £24,432 | £87,064 |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 14 Aug 2012.
The average size of a house on RICHMOND DRIVE is 83 sq meters (896 sq feet).