£273,024
This estimated value is based upon the latest sale price for the house of £158,000 on 12 Jul 2011. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £158,000 | 12 Jul 2011 |
| £11,000 | 11 May 1998 |
| Detached |
| Leasehold |
| Floor Area: 114 sq meters or 1,227 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 2011 the House Price Index for GREATER MANCHESTER was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.800%.Applying this 72.800% change to the original purchase price of £158,000 results in an estimated price of approximately £273,024.
| 12 Jul 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.800 % | £158,000 | £115,024 | £273,024 |
The Postcode Pricing Model uses changes in average sales price within the SK3 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 | 48.501 % | £76,631 | £234,631 |
| 3 Month Average | 89.686 % | £141,703 | £299,703 |
| 6 Month Average | 80.187 % | £126,695 | £284,695 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £279,897 | £275,000 | 9 WEMBLEY CLOSE |
| 8 Sep 2023 | £329,209 | £325,000 | 13 CLOVER AVENUE |
| 30 Nov 2022 | £177,846 | £180,000 | 12 WEMBLEY CLOSE |
| 20 May 2022 | £336,337 | £330,000 | 262 ADSWOOD ROAD |
| 14 Apr 2022 | £231,705 | £225,000 | 7 VARDEN GROVE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 18 Nov 2013. Using an estimated price of £273,025 means this house is valued at £2,394 per sq meter (£222 per sq foot).
There is one other house on the street which we know the size of, this is 1 TULIP CLOSE it is 87.0