£310,836
This estimated value is based upon the latest sale price for the house of £310,000 on 4 Jul 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £310,000 | 4 Jul 2022 |
| £105,995 | 28 Mar 2002 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 July 2022 the House Price Index for GREATER MANCHESTER was 148.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.270%.Applying this 0.270% change to the original purchase price of £310,000 results in an estimated price of approximately £310,836.
| 4 Jul 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 148.6 | 0.270 % | £310,000 | £836 | £310,836 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | -22.082 % | £-68,454 | £241,545 |
| 3 Month Average | -6.074 % | £-18,829 | £291,170 |
| 6 Month Average | -0.262 % | £-813 | £309,186 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £340,034 | £335,000 | 6 GREENCROFT WAY |
| 17 Mar 2023 | £315,472 | £312,500 | 49 TARNSIDE CLOSE |
| 12 Sep 2022 | £347,196 | £350,000 | 83 TARNSIDE CLOSE |
| 29 Jul 2022 | £360,972 | £360,000 | 12 CARRINGTON CLOSE |
| 22 Jul 2022 | £355,958 | £355,000 | 3 TARNSIDE CLOSE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 10 Apr 2012. Using an estimated price of £310,837 means this house is valued at £3,306 per sq meter (£307 per sq foot).
The average size of a house on MANOR MILL CLOSE is 118 sq meters (1,273 sq feet).