£378,912
This estimated value is based upon the latest sale price for the house of £307,500 on 21 May 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £307,500 | 21 May 2020 |
| Detached |
| Leasehold |
| Floor Area: 137 sq meters or 1,474 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 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 23.224%.Applying this 23.224% change to the original purchase price of £307,500 results in an estimated price of approximately £378,912.
| 21 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £307,500 | £71,412 | £378,912 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 47.745 % | £146,816 | £454,316 |
| 3 Month Average | 57.111 % | £175,617 | £483,117 |
| 6 Month Average | 46.374 % | £142,601 | £450,101 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2024 | £235,000 | £235,000 | 16 BROADOAK ROAD |
| 25 Apr 2024 | £317,759 | £315,000 | 26 HAWTHORN ROAD |
| 15 Mar 2024 | £380,851 | £375,000 | 61 WORDSWORTH WAY |
| 7 Mar 2024 | £487,490 | £480,000 | 52 WORDSWORTH WAY |
| 27 Jan 2023 | £325,871 | £325,000 | 39 HAWTHORN ROAD |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 20 Nov 2019. Using an estimated price of £378,912 means this house is valued at £2,765 per sq meter (£256 per sq foot).
The average size of a house on GREENWICH CLOSE is 205 sq meters (2,208 sq feet).