£295,429
This estimated value is based upon the latest sale price for the house of £267,000 on 4 Oct 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £267,000 | 4 Oct 2021 |
| £135,995 | 21 Aug 2003 |
| Detached |
| Freehold |
| 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 October 2021 the House Price Index for GREATER MANCHESTER was 134.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 10.648%.Applying this 10.648% change to the original purchase price of £267,000 results in an estimated price of approximately £295,429.
| 4 Oct 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.6 | 10.648 % | £267,000 | £28,429 | £295,429 |
The Postcode Pricing Model uses changes in average sales price within the OL1 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 | -2.702 % | £-7,213 | £259,786 |
| 3 Month Average | -15.538 % | £-41,486 | £225,513 |
| 6 Month Average | -12.235 % | £-32,667 | £234,332 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £121,803 | £120,000 | 657 RIPPONDEN ROAD |
| 14 Jul 2023 | £314,229 | £310,000 | 2 EMERALD DRIVE |
| 10 Jul 2023 | £263,547 | £260,000 | 2 LONGDEN AVENUE |
| 30 Mar 2023 | £302,853 | £300,000 | 3 MOLLIS GROVE |
| 3 Mar 2023 | £277,615 | £275,000 | 6 MOLLIS GROVE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 4 Jun 2021. Using an estimated price of £295,430 means this house is valued at £2,735 per sq meter (£254 per sq foot).
The average size of a house on EMERALD DRIVE is 119 sq meters (1,282 sq feet).