£230,855
This estimated value is based upon the latest sale price for the house of £227,000 on 9 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 |
|---|---|
| £227,000 | 9 Mar 2023 |
| £135,000 | 31 Mar 2016 |
| £159,000 | 4 Aug 2006 |
| £138,250 | 29 Apr 2005 |
| Terraced |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 £227,000 results in an estimated price of approximately £230,855.
| 9 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £227,000 | £3,855 | £230,855 |
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 % | £-21,518 | £205,481 |
| 3 Month Average | 15.592 % | £35,393 | £262,393 |
| 6 Month Average | 5.866 % | £13,316 | £240,316 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £210,339 | £205,000 | 23 WASP MILL DRIVE |
| 30 Nov 2023 | £87,214 | £85,000 | APARTMENT 7 SHAW LODGE LODGE STREET |
| 24 Nov 2023 | £212,391 | £207,000 | 11 WASP MILL DRIVE |
| 13 Oct 2023 | £250,694 | £245,000 | 41 WASP MILL DRIVE |
| 6 Oct 2023 | £204,648 | £200,000 | 24 NEWHOUSE CLOSE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 2 Aug 2012. Using an estimated price of £230,855 means this house is valued at £3,297 per sq meter (£306 per sq foot).
The average size of a house on WASP MILL DRIVE is 91 sq meters (987 sq feet).