£188,465
This estimated value is based upon the latest sale price for the house of £124,950 on 14 Nov 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £124,950 | 14 Nov 2014 |
| £52,000 | 27 Jul 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 November 2014 the House Price Index for GREATER MANCHESTER was 99.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.833%.Applying this 50.833% change to the original purchase price of £124,950 results in an estimated price of approximately £188,465.
| 14 Nov 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 149.7 | 50.833 % | £124,950 | £63,515 | £188,465 |
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 | 117.318 % | £146,588 | £271,538 |
| 3 Month Average | 55.897 % | £69,843 | £194,793 |
| 6 Month Average | 53.330 % | £66,635 | £191,585 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £179,415 | £175,460 | 15 THE MEDWAY |
| 14 Apr 2023 | £234,384 | £230,000 | 27 THE MEDWAY |
| 5 Aug 2022 | £296,386 | £295,000 | 3 LYN GROVE |
| 1 Aug 2022 | £221,034 | £220,000 | 24 THE MEDWAY |
| 13 May 2022 | £208,430 | £203,000 | 4 CHERWELL AVENUE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 8 Oct 2013. Using an estimated price of £188,465 means this house is valued at £2,546 per sq meter (£236 per sq foot).
The average size of a house on THE MEDWAY is 85 sq meters (922 sq feet).