£201,323
This estimated value is based upon the latest sale price for the house of £144,395 on 21 Dec 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£144,395 | 21 Dec 2015 |
£144,395 | 21 Dec 2015 |
Semi-Detached |
Freehold |
Floor Area: 77 sq meters or 828 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 December 2015 the House Price Index for GREATER MANCHESTER was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £144,395 results in an estimated price of approximately £201,323.
21 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
107.4 | 149.7 | 39.426 % | £144,395 | £56,928 | £201,323 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 13.873 % | £20,031 | £164,426 |
3 Month Average | 44.702 % | £64,547 | £208,942 |
6 Month Average | 33.410 % | £48,242 | £192,637 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Aug 2022 | £231,081 | £230,000 | 70 JONES WAY |
28 Jul 2022 | £224,752 | £222,500 | 56 WREN WAY |
20 Jun 2022 | £178,823 | £175,000 | 48 WREN WAY |
20 Aug 2021 | £185,439 | £165,000 | 19 PENISTONE AVENUE |
9 Jul 2021 | £194,506 | £168,000 | 1 PENISTONE AVENUE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 22 Sep 2015. Using an estimated price of £201,324 means this house is valued at £2,614 per sq meter (£242 per sq foot).
The average size of a house on WREN WAY is 97 sq meters (1,053 sq feet).