£305,095
This estimated value is based upon the latest sale price for the house of £300,000 on 30 Mar 2023. 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 | 30 Mar 2023 |
| £195,000 | 25 May 2012 |
| £159,995 | 11 Apr 2003 |
| Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 March 2023 the House Price Index for GREATER MANCHESTER was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £300,000 results in an estimated price of approximately £305,095.
| 30 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £300,000 | £5,095 | £305,095 |
The Postcode Pricing Model uses changes in average sales price within the OL1 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 | -10.533 % | £-31,599 | £268,400 |
| 3 Month Average | 0.357 % | £1,069 | £301,069 |
| 6 Month Average | 10.136 % | £30,406 | £330,406 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £161,402 | £160,000 | 30 ASHDENE RISE |
| 8 Mar 2024 | £248,823 | £245,000 | 11 GLEBE LANE |
| 30 Mar 2023 | £305,095 | £300,000 | 3 MOLLIS GROVE |
| 3 Mar 2023 | £279,671 | £275,000 | 6 MOLLIS GROVE |
| 20 Feb 2023 | £276,849 | £275,000 | 4 PILGRIM WAY |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 16 Sep 2021. Using an estimated price of £305,095 means this house is valued at £2,585 per sq meter (£240 per sq foot).
The average size of a house on MOLLIS GROVE is 124 sq meters (1,342 sq feet).