£304,994
This estimated value is based upon the latest sale price for the house of £250,000 on 29 Jun 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £250,000 | 29 Jun 2020 |
| £250,000 | 29 Jun 2020 |
| £195,000 | 9 May 2008 |
| £130,000 | 7 Jun 2002 |
| Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 2020 the House Price Index for GREATER MANCHESTER was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £250,000 results in an estimated price of approximately £304,994.
| 29 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 149.7 | 21.998 % | £250,000 | £54,994 | £304,994 |
The Postcode Pricing Model uses changes in average sales price within the SK2 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 | 15.803 % | £39,506 | £289,506 |
| 3 Month Average | 17.546 % | £43,865 | £293,865 |
| 6 Month Average | 21.532 % | £53,829 | £303,829 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2024 | £365,000 | £365,000 | 12 BEAN LEACH AVENUE |
| 4 Dec 2023 | £319,828 | £310,000 | 37 POISE BROOK ROAD |
| 10 Oct 2023 | £373,483 | £365,000 | 35 HIGHLANDS ROAD |
| 26 Jun 2023 | £318,380 | £312,000 | 7 SHADY OAK ROAD |
| 26 Oct 2022 | £305,978 | £307,000 | 11 HIGHLANDS ROAD |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 19 Feb 2013. Using an estimated price of £304,995 means this house is valued at £3,112 per sq meter (£289 per sq foot).
The average size of a house on HIGHLANDS DRIVE is 123 sq meters (1,329 sq feet).