£201,973
This estimated value is based upon the latest sale price for the house of £199,950 on 22 Jul 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £199,950 | 22 Jul 2022 |
| £62,500 | 19 Apr 2002 |
| Detached |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 July 2022 the House Price Index for GREATER MANCHESTER was 148.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.012%.Applying this 1.012% change to the original purchase price of £199,950 results in an estimated price of approximately £201,973.
| 22 Jul 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 149.7 | 1.012 % | £199,950 | £2,023 | £201,973 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | 6.751 % | £13,499 | £213,449 |
| 3 Month Average | -0.706 % | £-1,411 | £198,538 |
| 6 Month Average | 8.744 % | £17,482 | £217,432 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £215,308 | £212,000 | 96 MONTGOMERY STREET |
| 3 Oct 2023 | £204,648 | £200,000 | 29 FOXFIELD DRIVE |
| 15 Jun 2023 | £220,417 | £216,000 | 12 CHERWELL CLOSE |
| 22 Mar 2023 | £254,246 | £250,000 | 9 SEVERN ROAD |
| 15 Mar 2023 | £249,161 | £245,000 | 20 SEVERN ROAD |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 20 Oct 2014. Using an estimated price of £201,974 means this house is valued at £3,810 per sq meter (£354 per sq foot).
The average size of a house on CHERWELL CLOSE is 69 sq meters (746 sq feet).