£3,292
This estimated value is based upon the latest sale price for the house of £2,700 on 18 Mar 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £2,700 | 18 Mar 2019 |
| £100,000 | 13 Jul 2018 |
| £65,000 | 29 Jul 2010 |
| Freehold |
| Floor Area: 75 sq meters or 811 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 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.959%.Applying this 21.959% change to the original purchase price of £2,700 results in an estimated price of approximately £3,292.
| 18 Mar 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.959 % | £2,700 | £592 | £3,292 |
The Postcode Pricing Model uses changes in average sales price within the OL12 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 | 7.337 % | £198 | £2,898 |
| 3 Month Average | 53.119 % | £1,434 | £4,134 |
| 6 Month Average | 63.918 % | £1,725 | £4,425 |
This house has a floor area of 75 sq meters or 811 sq feet when measured on 12 Mar 2011.
The average size of a house on SCARR DRIVE is 88 sq meters (955 sq feet).