£297,833
This estimated value is based upon the latest sale price for the house of £80,500 on 21 Sep 2000. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £80,500 | 21 Sep 2000 |
| Detached |
| Leasehold |
| Floor Area: 82 sq meters or 882 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 September 2000 the House Price Index for GREATER MANCHESTER was 40.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 269.980%.Applying this 269.980% change to the original purchase price of £80,500 results in an estimated price of approximately £297,833.
| 21 Sep 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.5 | 149.7 | 269.980 % | £80,500 | £217,333 | £297,833 |
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 | 338.805 % | £272,738 | £353,238 |
| 3 Month Average | 314.676 % | £253,313 | £333,813 |
| 6 Month Average | 352.483 % | £283,748 | £364,248 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £188,792 | £184,000 | 35 MOORWOOD DRIVE |
| 24 Oct 2023 | £158,602 | £155,000 | 7 SPRING CLOUGH DRIVE |
| 28 Sep 2023 | £102,254 | £100,000 | 5 BEACON GROVE |
| 14 Apr 2022 | £124,491 | £120,000 | 38 MOORWOOD DRIVE |
| 14 Aug 2020 | £253,607 | £209,950 | 17 MOORWOOD DRIVE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 21 Jan 2015. Using an estimated price of £297,834 means this house is valued at £3,632 per sq meter (£337 per sq foot).
The average size of a house on MOORWOOD DRIVE is 91 sq meters (982 sq feet).