£314,447
This estimated value is based upon the latest sale price for the house of £300,000 on 14 Jan 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£300,000 | 14 Jan 2022 |
£190,000 | 6 Oct 2010 |
Detached |
Leasehold |
Floor Area: 103 sq meters or 1,108 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 2022 the House Price Index for GREATER MANCHESTER was 141.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.816%.Applying this 4.816% change to the original purchase price of £300,000 results in an estimated price of approximately £314,447.
14 Jan 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.2 | 148.0 | 4.816 % | £300,000 | £14,447 | £314,447 |
The Postcode Pricing Model uses changes in average sales price within the M40 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 | 116.069 % | £348,208 | £648,208 |
3 Month Average | 9.118 % | £27,352 | £327,352 |
6 Month Average | 10.837 % | £32,510 | £332,510 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Jul 2023 | £343,247 | £340,000 | 23 MERRIDALE ROAD |
21 Jul 2023 | £222,101 | £220,000 | 15 EASEDALE ROAD |
24 Mar 2022 | £288,982 | £280,000 | 17 RIMSDALE DRIVE |
18 Mar 2022 | £322,008 | £312,000 | 4 MERRIDALE ROAD |
8 Mar 2022 | £268,340 | £260,000 | 3 REEDSDALE ROAD |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 22 Sep 2015. Using an estimated price of £314,448 means this house is valued at £3,052 per sq meter (£283 per sq foot).
The average size of a house on RIMSDALE DRIVE is 106 sq meters (1,142 sq feet).