£58,128
This estimated value is based upon the latest sale price for the house of £42,000 on 24 Dec 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£42,000 | 24 Dec 2015 |
£67,500 | 4 May 2007 |
£27,500 | 8 Sep 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 28 sq meters or 301 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 2015 the House Price Index for GREATER MANCHESTER was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £42,000 results in an estimated price of approximately £58,128.
24 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
107.4 | 148.6 | 38.401 % | £42,000 | £16,128 | £58,128 |
The Postcode Pricing Model uses changes in average sales price within the OL10 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 | 26.407 % | £11,090 | £53,090 |
3 Month Average | 22.690 % | £9,529 | £51,529 |
6 Month Average | 51.200 % | £21,503 | £63,503 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Aug 2023 | £296,696 | £294,100 | 21 SHAFTESBURY DRIVE |
10 Mar 2023 | £247,330 | £245,000 | 40 SHAFTESBURY DRIVE |
3 Feb 2023 | £327,779 | £328,000 | 56 GLOUCESTER AVENUE |
20 Jan 2023 | £361,298 | £363,000 | 92 SHAFTESBURY DRIVE |
17 Aug 2022 | £378,980 | £380,000 | 94 SHAFTESBURY DRIVE |
This house has a floor area of 28 sq meters or 301 sq feet when measured on 3 Feb 2020. Using an estimated price of £58,129 means this house is valued at £2,076 per sq meter (£192 per sq foot).
The average size of a house on HONITON CLOSE is 47 sq meters (514 sq feet).