£194,269
This estimated value is based upon the latest sale price for the house of £186,000 on 11 Feb 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £186,000 | 11 Feb 2022 |
| £141,000 | 1 Sep 2017 |
| £128,500 | 29 Jan 2016 |
| £84,000 | 25 Apr 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 2022 the House Price Index for GREATER MANCHESTER was 141.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.446%.Applying this 4.446% change to the original purchase price of £186,000 results in an estimated price of approximately £194,269.
| 11 Feb 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.0 | 4.446 % | £186,000 | £8,269 | £194,269 |
The Postcode Pricing Model uses changes in average sales price within the BL9 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 | 29.078 % | £54,084 | £240,084 |
| 3 Month Average | 28.177 % | £52,409 | £238,409 |
| 6 Month Average | 20.518 % | £38,163 | £224,163 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £258,316 | £255,000 | 52 RIBCHESTER DRIVE |
| 30 Aug 2023 | £291,774 | £290,000 | 6 ALTHAM CLOSE |
| 23 Aug 2023 | £224,867 | £223,500 | 8 INGLEWHITE CLOSE |
| 20 Mar 2023 | £380,054 | £378,000 | 2 WHALLEY CLOSE |
| 7 Nov 2022 | £182,048 | £185,000 | 17 INGLEWHITE CLOSE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 9 Jun 2017. Using an estimated price of £194,270 means this house is valued at £3,237 per sq meter (£300 per sq foot).
The average size of a house on RIBCHESTER DRIVE is 84 sq meters (912 sq feet).