£1,180,224
This estimated value is based upon the latest sale price for the house of £860,000 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 |
|---|---|
| £860,000 | 15 Jan 2016 |
| £499,950 | 23 Jun 2004 |
| Detached |
| Leasehold |
| Floor Area: 523 sq meters or 5,629 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 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £860,000 results in an estimated price of approximately £1,180,224.
| 15 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £860,000 | £320,224 | £1,180,224 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | -22.720 % | £-195,394 | £664,605 |
| 3 Month Average | 14.492 % | £124,634 | £984,634 |
| 6 Month Average | 30.559 % | £262,803 | £1,122,803 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jun 2023 | £365,426 | £361,000 | 43 STAPLETON AVENUE |
| 20 Feb 2023 | £571,615 | £572,000 | 7 TOWNCROFT LANE |
| 13 Feb 2023 | £904,391 | £905,000 | 4 NORTHWOLD DRIVE |
| 4 Jul 2022 | £596,606 | £595,000 | 9 STAPLETON AVENUE |
| 29 Jul 2021 | £126,419 | £110,000 | 5 BEAUMONT COURT VICTORIA ROAD |
This house has a floor area of 523 sq meters or 5,629 sq feet when measured on 23 Feb 2015. Using an estimated price of £1,180,225 means this house is valued at £2,256 per sq meter (£209 per sq foot).
The average size of a house on NORTHWOLD DRIVE is 525 sq meters (5,656 sq feet).
This house is the largest in the street with a floor area of 523 sq meters (5,629 sq feet).