£315,264
This estimated value is based upon the latest sale price for the house of £310,000 on 10 Mar 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £310,000 | 10 Mar 2023 |
| £254,500 | 22 Nov 2019 |
| Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 March 2023 the House Price Index for GREATER MANCHESTER was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £310,000 results in an estimated price of approximately £315,264.
| 10 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £310,000 | £5,264 | £315,264 |
The Postcode Pricing Model uses changes in average sales price within the OL12 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 | -9.479 % | £-29,386 | £280,613 |
| 3 Month Average | 15.592 % | £48,335 | £358,335 |
| 6 Month Average | 5.866 % | £18,185 | £328,185 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £250,000 | £250,000 | 36 NORDEN CLOSE |
| 16 Apr 2024 | £180,064 | £178,500 | 8 NORDEN WAY |
| 10 Apr 2024 | £222,432 | £220,500 | 46 HAREWOOD ROAD |
| 24 Nov 2023 | £241,121 | £235,000 | 42 NORDEN CLOSE |
| 18 Sep 2023 | £204,508 | £200,000 | 855 EDENFIELD ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 17 Oct 2019. Using an estimated price of £315,265 means this house is valued at £4,440 per sq meter (£412 per sq foot).
The average size of a house on FAIRVIEW CLOSE is 112 sq meters (1,213 sq feet).
This house is the smallest in the street with a floor area of 71 sq meters (764 sq feet).