£151,610
This estimated value is based upon the latest sale price for the house of £122,000 on 14 Dec 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £122,000 | 14 Dec 2018 |
| £88,000 | 9 Sep 2011 |
| £73,000 | 5 Mar 2004 |
| £37,900 | 8 May 1998 |
| Terraced |
| Leasehold |
| Floor Area: 67 sq meters or 724 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 December 2018 the House Price Index for GREATER MANCHESTER was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £122,000 results in an estimated price of approximately £151,610.
| 14 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £122,000 | £29,610 | £151,610 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 26.854 % | £32,761 | £154,761 |
| 3 Month Average | 38.370 % | £46,810 | £168,810 |
| 6 Month Average | 44.756 % | £54,601 | £176,601 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jul 2024 | £168,000 | £168,000 | 18 PENNINE GROVE |
| 3 May 2024 | £169,500 | £169,500 | 3 SHADWELL GROVE |
| 11 Mar 2024 | £142,179 | £139,995 | 257 NEL PAN LANE |
| 4 Dec 2023 | £144,438 | £140,000 | 18 ALPINE DRIVE |
| 17 Nov 2023 | £159,037 | £155,000 | 19 BURNS AVENUE |
This house has a floor area of 67 sq meters or 724 sq feet when measured on 30 Jun 2011. Using an estimated price of £151,611 means this house is valued at £2,251 per sq meter (£209 per sq foot).
The average size of a house on PENNINE GROVE is 83 sq meters (897 sq feet).