£309,450
This estimated value is based upon the latest sale price for the house of £230,000 on 24 Jun 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
| Price Paid | Date |
|---|---|
| £230,000 | 24 Jun 2016 |
| £182,000 | 17 Oct 2014 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 June 2016 the House Price Index for GREATER MANCHESTER was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £230,000 results in an estimated price of approximately £309,450.
| 24 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £230,000 | £79,450 | £309,450 |
The Postcode Pricing Model uses changes in average sales price within the M19 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 | 185.791 % | £427,318 | £657,318 |
| 3 Month Average | 122.261 % | £281,199 | £511,199 |
| 6 Month Average | 91.424 % | £210,274 | £440,274 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £210,339 | £205,000 | 3 ERICA DRIVE |
| 25 Aug 2023 | £259,684 | £255,000 | 26 ERICA DRIVE |
| 17 Feb 2023 | £246,648 | £245,000 | 2 ERICA DRIVE |
| 17 Dec 2021 | £261,193 | £242,000 | 24 HOLMSIDE GARDENS |
| 29 Nov 2021 | £234,247 | £215,000 | 2 LEABURN DRIVE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 29 Nov 2013. Using an estimated price of £309,450 means this house is valued at £3,125 per sq meter (£290 per sq foot).
The average size of a house on LEABURN DRIVE is 126 sq meters (1,359 sq feet).
This house is the largest in the street with a floor area of 99 sq meters (1,065 sq feet).