£301,822
This estimated value is based upon the latest sale price for the house of £225,000 on 15 Jul 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £225,000 | 15 Jul 2016 |
| £240,000 | 16 Nov 2007 |
| £86,000 | 28 Jan 2000 |
| Semi-Detached |
| Leasehold |
| Floor Area: 116 sq meters or 1,248 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 2016 the House Price Index for GREATER MANCHESTER was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £225,000 results in an estimated price of approximately £301,822.
| 15 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.143 % | £225,000 | £76,822 | £301,822 |
The Postcode Pricing Model uses changes in average sales price within the BL5 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 | 32.643 % | £73,446 | £298,446 |
| 3 Month Average | 50.380 % | £113,354 | £338,354 |
| 6 Month Average | 43.475 % | £97,818 | £322,818 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £221,927 | £220,000 | 149 NEWBROOK ROAD |
| 6 Dec 2023 | £297,130 | £288,000 | 24 REYNOLDS DRIVE |
| 8 Jun 2023 | £295,930 | £290,000 | 3 ELMWOOD CLOSE |
| 3 Mar 2023 | £223,736 | £220,000 | 6 CHERRYWOOD AVENUE |
| 30 Jun 2022 | £367,863 | £360,000 | 12 CHERRYWOOD AVENUE |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 17 Feb 2016. Using an estimated price of £301,822 means this house is valued at £2,601 per sq meter (£241 per sq foot).
The average size of a house on REYNOLDS DRIVE is 93 sq meters (1,005 sq feet).