£329,978
This estimated value is based upon the latest sale price for the house of £242,500 on 24 Mar 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£242,500 | 24 Mar 2016 |
£102,000 | 21 Jan 2000 |
Detached |
Leasehold |
Floor Area: 108 sq meters or 1,162 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 2016 the House Price Index for GREATER MANCHESTER was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £242,500 results in an estimated price of approximately £329,978.
24 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.0 | 149.7 | 36.074 % | £242,500 | £87,478 | £329,978 |
The Postcode Pricing Model uses changes in average sales price within the OL15 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 | 76.800 % | £186,240 | £428,740 |
3 Month Average | 38.020 % | £92,199 | £334,699 |
6 Month Average | 39.989 % | £96,972 | £339,472 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £99,867 | £99,000 | 3A FAIRVIEW |
21 Dec 2023 | £335,303 | £325,000 | 7 POLLARD GROVE |
1 Dec 2023 | £228,522 | £221,500 | 13 CALDERBROOK TERRACE |
29 Nov 2023 | £107,735 | £105,000 | 35 ROCK NOOK |
10 Nov 2023 | £102,605 | £100,000 | 19 BARNES MEADOWS |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 24 Sep 2015. Using an estimated price of £329,979 means this house is valued at £3,055 per sq meter (£283 per sq foot).
The average size of a house on REDDYSHORE BROW is 145 sq meters (1,561 sq feet).