£317,833
This estimated value is based upon the latest sale price for the house of £320,000 on 15 Aug 2023. 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 | 15 Aug 2023 |
| £221,000 | 29 Sep 2017 |
| £200,000 | 19 Aug 2011 |
| £200,000 | 15 Jul 2005 |
| Detached |
| Leasehold |
| Floor Area: 111 sq meters or 1,194 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 2023 the House Price Index for GREATER MANCHESTER was 147.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -0.677%.Applying this -0.677% change to the original purchase price of £320,000 results in an estimated price of approximately £317,833.
| 15 Aug 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.7 | 146.7 | -0.677 % | £320,000 | £-2,166 | £317,833 |
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 | 200.781 % | £642,498 | £962,498 |
| 3 Month Average | -13.233 % | £-42,344 | £277,655 |
| 6 Month Average | -2.907 % | £-9,303 | £310,696 |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 3 Nov 2021.
The average size of a house on DRUMMOND WAY is 47 sq meters (508 sq feet).
This house is the largest in the street with a floor area of 111 sq meters (1,194 sq feet).