£277,323
This estimated value is based upon the latest sale price for the house of £225,000 on 7 Feb 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £225,000 | 7 Feb 2020 |
| £225,000 | 7 Feb 2020 |
| Detached |
| Leasehold |
| Floor Area: 113 sq meters or 1,216 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 February 2020 the House Price Index for GREATER MANCHESTER was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £225,000 results in an estimated price of approximately £277,323.
| 7 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £225,000 | £52,323 | £277,323 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 83.069 % | £186,905 | £411,905 |
| 3 Month Average | 37.058 % | £83,380 | £308,380 |
| 6 Month Average | 37.524 % | £84,427 | £309,427 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £250,000 | £250,000 | 36 NORDEN CLOSE |
| 16 Apr 2024 | £180,064 | £178,500 | 8 NORDEN WAY |
| 24 Nov 2023 | £241,121 | £235,000 | 42 NORDEN CLOSE |
| 10 Nov 2023 | £328,334 | £320,000 | 111 HAREWOOD WAY |
| 18 Sep 2023 | £204,508 | £200,000 | 855 EDENFIELD ROAD |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 21 Jul 2018. Using an estimated price of £277,323 means this house is valued at £2,454 per sq meter (£228 per sq foot).
The average size of a house on FOUR LANES WAY is 192 sq meters (2,069 sq feet).
This house is the smallest in the street with a floor area of 113 sq meters (1,216 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Mill Croft Close |