£392,190
This estimated value is based upon the latest sale price for the house of £320,000 on 30 Aug 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £320,000 | 30 Aug 2019 |
| £134,950 | 29 Jun 2001 |
| Detached |
| Freehold |
| Floor Area: 140 sq meters or 1,506 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 August 2019 the House Price Index for GREATER MANCHESTER was 120.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.560%.Applying this 22.560% change to the original purchase price of £320,000 results in an estimated price of approximately £392,190.
| 30 Aug 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.0 | 22.560 % | £320,000 | £72,190 | £392,190 |
The Postcode Pricing Model uses changes in average sales price within the SK15 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 | 84.457 % | £270,263 | £590,263 |
| 3 Month Average | 16.505 % | £52,815 | £372,815 |
| 6 Month Average | 15.877 % | £50,807 | £370,807 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2022 | £405,073 | £410,000 | 37 CEDAR AVENUE |
| 7 Jul 2022 | £480,351 | £481,000 | 8 ROWANS CLOSE |
| 15 Feb 2022 | £297,671 | £285,000 | 2 MAPLEWOOD GROVE |
| 11 Feb 2022 | £381,228 | £365,000 | 3 HAZEL ROAD |
| 30 Sep 2021 | £370,268 | £345,000 | 4 HAZEL ROAD |
This house has a floor area of 140 sq meters or 1,506 sq feet when measured on 24 Apr 2019. Using an estimated price of £392,191 means this house is valued at £2,801 per sq meter (£260 per sq foot).
The average size of a house on ALDER DRIVE is 147 sq meters (1,585 sq feet).