£358,133
This estimated value is based upon the latest sale price for the house of £350,000 on 20 Oct 2023. 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 |
|---|---|
| £350,000 | 20 Oct 2023 |
| £170,000 | 30 Jun 2009 |
| £187,000 | 5 Jun 2007 |
| £88,000 | 28 Jul 2000 |
| Detached |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 2023 the House Price Index for GREATER MANCHESTER was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £350,000 results in an estimated price of approximately £358,133.
| 20 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £350,000 | £8,133 | £358,133 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | 33.983 % | £118,941 | £468,941 |
| 3 Month Average | 3.615 % | £12,651 | £362,651 |
| 6 Month Average | 5.604 % | £19,614 | £369,614 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £188,792 | £184,000 | 35 MOORWOOD DRIVE |
| 24 Nov 2023 | £205,209 | £200,000 | 91 WARREN LANE |
| 24 Oct 2023 | £158,602 | £155,000 | 7 SPRING CLOUGH DRIVE |
| 20 Oct 2023 | £358,134 | £350,000 | 5 MATTHEW CLOSE |
| 16 Oct 2023 | £170,881 | £167,000 | 20 MATTHEW CLOSE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 24 May 2013. Using an estimated price of £358,134 means this house is valued at £5,044 per sq meter (£468 per sq foot).
The average size of a house on MATTHEW CLOSE is 95 sq meters (1,029 sq feet).