£342,666
This estimated value is based upon the latest sale price for the house of £275,000 on 31 Aug 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £275,000 | 31 Aug 2018 |
| £98,500 | 13 Aug 1997 |
| Detached |
| Leasehold |
| Floor Area: 113 sq meters or 1,216 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 August 2018 the House Price Index for GREATER MANCHESTER was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £275,000 results in an estimated price of approximately £342,666.
| 31 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £275,000 | £67,666 | £342,666 |
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 | 54.192 % | £149,029 | £424,029 |
| 3 Month Average | 17.114 % | £47,064 | £322,064 |
| 6 Month Average | 22.561 % | £62,042 | £337,042 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 May 2024 | £425,000 | £425,000 | 2 LINDALE AVENUE |
| 25 Apr 2023 | £529,912 | £520,000 | 8 OAKWOOD DRIVE |
| 14 Apr 2023 | £585,960 | £575,000 | 4 TALBENNY CLOSE |
| 30 Nov 2022 | £453,878 | £456,000 | 11 OAKWOOD DRIVE |
| 24 Nov 2022 | £557,394 | £560,000 | 86 ALBERT ROAD WEST |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 5 Oct 2017. Using an estimated price of £342,667 means this house is valued at £3,032 per sq meter (£281 per sq foot).
The average size of a house on OAKWOOD DRIVE is 188 sq meters (2,028 sq feet).