£466,016
This estimated value is based upon the latest sale price for the house of £375,000 on 14 Dec 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £375,000 | 14 Dec 2018 |
| £369,950 | 29 Oct 2004 |
| £369,950 | 29 Oct 2004 |
| £130,000 | 4 Dec 1997 |
| Detached |
| Freehold |
| Floor Area: 153 sq meters or 1,646 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 2018 the House Price Index for GREATER MANCHESTER was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £375,000 results in an estimated price of approximately £466,016.
| 14 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £375,000 | £91,016 | £466,016 |
The Postcode Pricing Model uses changes in average sales price within the BL8 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 | -19.133 % | £-71,749 | £303,250 |
| 3 Month Average | 18.348 % | £68,804 | £443,804 |
| 6 Month Average | 22.338 % | £83,768 | £458,768 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £342,785 | £335,000 | 2 EWOOD DRIVE |
| 29 Sep 2023 | £368,115 | £360,000 | 20 WHEELTON CLOSE |
| 18 Jun 2023 | £346,953 | £340,000 | 15 MILE LANE |
| 19 Jul 2022 | £454,555 | £450,000 | 10 MILE LANE |
| 27 Jun 2022 | £291,225 | £285,000 | 84 NEWINGTON DRIVE |
This house has a floor area of 153 sq meters or 1,646 sq feet when measured on 16 Oct 2017. Using an estimated price of £466,016 means this house is valued at £3,045 per sq meter (£282 per sq foot).
The average size of a house on MILE LANE is 109 sq meters (1,180 sq feet).
This house is the largest in the street with a floor area of 153 sq meters (1,646 sq feet).