£259,683
This estimated value is based upon the latest sale price for the house of £255,000 on 25 Aug 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
| Price Paid | Date |
|---|---|
| £255,000 | 25 Aug 2023 |
| £192,500 | 27 Sep 2019 |
| £165,000 | 29 Sep 2017 |
| £124,950 | 18 Dec 2013 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 2023 the House Price Index for GREATER MANCHESTER was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £255,000 results in an estimated price of approximately £259,683.
| 25 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £255,000 | £4,683 | £259,683 |
The Postcode Pricing Model uses changes in average sales price within the M19 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 | 12.190 % | £31,084 | £286,084 |
| 3 Month Average | 24.181 % | £61,661 | £316,661 |
| 6 Month Average | 14.150 % | £36,082 | £291,082 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £267,612 | £263,500 | 3 WOODCROFT AVENUE |
| 10 Nov 2023 | £210,339 | £205,000 | 3 ERICA DRIVE |
| 25 Aug 2023 | £259,684 | £255,000 | 26 ERICA DRIVE |
| 17 Feb 2023 | £246,648 | £245,000 | 2 ERICA DRIVE |
| 17 Dec 2021 | £261,193 | £242,000 | 24 HOLMSIDE GARDENS |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 26 Jul 2013. Using an estimated price of £259,684 means this house is valued at £3,875 per sq meter (£360 per sq foot).
The average size of a house on ERICA DRIVE is 89 sq meters (963 sq feet).