£228,565
This estimated value is based upon the latest sale price for the house of £185,000 on 21 Jun 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£185,000 | 21 Jun 2019 |
£174,995 | 10 Jun 2016 |
£184,950 | 2 Apr 2013 |
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 June 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £185,000 results in an estimated price of approximately £228,565.
21 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.549 % | £185,000 | £43,565 | £228,565 |
The Postcode Pricing Model uses changes in average sales price within the WN5 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 | 167.979 % | £310,761 | £495,761 |
3 Month Average | 63.121 % | £116,774 | £301,774 |
6 Month Average | 22.087 % | £40,861 | £225,861 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £191,672 | £189,995 | 14 CROMFORD DRIVE |
16 Jun 2023 | £293,556 | £290,000 | 65 MEADOW BROOK |
21 Mar 2023 | £297,806 | £295,000 | 108 MEADOW BROOK |
18 Mar 2022 | £180,310 | £174,000 | 28 CROMFORD DRIVE |
23 Feb 2022 | £157,304 | £150,000 | 121 BROOK LANE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 31 May 2012. Using an estimated price of £228,565 means this house is valued at £2,219 per sq meter (£206 per sq foot).
The average size of a house on MEADOW BROOK is 103 sq meters (1,116 sq feet).