£508,073
This estimated value is based upon the latest sale price for the house of £367,500 on 15 Jan 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £367,500 | 15 Jan 2016 |
| £330,000 | 27 Jul 2007 |
| £220,825 | 20 Jan 2000 |
| Detached |
| Leasehold |
| Floor Area: 177 sq meters or 1,905 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 2016 the House Price Index for GREATER MANCHESTER was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £367,500 results in an estimated price of approximately £508,073.
| 15 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £367,500 | £140,573 | £508,073 |
The Postcode Pricing Model uses changes in average sales price within the SK2 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 | -3.512 % | £-12,905 | £354,594 |
| 3 Month Average | 43.470 % | £159,751 | £527,251 |
| 6 Month Average | 49.117 % | £180,506 | £548,006 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Sep 2022 | £194,870 | £195,000 | 37 OWENS FARM DRIVE |
| 8 Oct 2021 | £423,574 | £380,000 | 21 OWENS FARM DRIVE |
| 25 Jun 2021 | £477,743 | £442,000 | 38 HALL POOL DRIVE |
| 22 Jun 2021 | £432,347 | £400,000 | 8 OLD PASTURE CLOSE |
| 22 Dec 2020 | £456,703 | £395,000 | 10 OWENS FARM DRIVE |
This house has a floor area of 177 sq meters or 1,905 sq feet when measured on 14 Feb 2020. Using an estimated price of £508,074 means this house is valued at £2,870 per sq meter (£266 per sq foot).
There is one other house on the street which we know the size of, this is 11 CHERRY CLOSE it is 167.0