£343,014
This estimated value is based upon the latest sale price for the house of £240,000 on 17 Aug 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£240,000 | 17 Aug 2015 |
£96,950 | 10 Sep 1999 |
Semi-Detached |
Freehold |
Floor Area: 65 sq meters or 699 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 August 2015 the House Price Index for GREATER MANCHESTER was 104.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 42.923%.Applying this 42.923% change to the original purchase price of £240,000 results in an estimated price of approximately £343,014.
17 Aug 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
104.0 | 148.6 | 42.923 % | £240,000 | £103,014 | £343,014 |
The Postcode Pricing Model uses changes in average sales price within the WA14 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 | 44.905 % | £107,771 | £347,771 |
3 Month Average | 9.473 % | £22,735 | £262,735 |
6 Month Average | 52.990 % | £127,176 | £367,176 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Jun 2023 | £759,196 | £750,000 | 2 MEDWAY CRESCENT |
14 Jun 2023 | £795,638 | £786,000 | 16 SWALE DRIVE |
6 Feb 2023 | £359,758 | £360,000 | 42 WAVENEY DRIVE |
31 Mar 2022 | £445,593 | £430,000 | 28 MEDWAY CRESCENT |
20 Jul 2021 | £453,960 | £395,000 | 36 WAVENEY DRIVE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 23 Sep 2014. Using an estimated price of £343,015 means this house is valued at £5,277 per sq meter (£490 per sq foot).
The average size of a house on WAVENEY DRIVE is 82 sq meters (887 sq feet).