£374,249
This estimated value is based upon the latest sale price for the house of £250,000 on 5 Jan 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £250,000 | 5 Jan 2015 |
| £189,950 | 31 May 2002 |
| Detached |
| Leasehold |
| Floor Area: 110 sq meters or 1,189 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 January 2015 the House Price Index for GREATER MANCHESTER was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £250,000 results in an estimated price of approximately £374,249.
| 5 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 149.7 | 49.700 % | £250,000 | £124,249 | £374,249 |
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 | 41.554 % | £103,884 | £353,884 |
| 3 Month Average | 34.013 % | £85,031 | £335,031 |
| 6 Month Average | 33.124 % | £82,809 | £332,809 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £241,121 | £235,000 | 460 BOLTON ROAD |
| 21 Apr 2023 | £407,624 | £400,000 | 12 BUCKINGHAM DRIVE |
| 9 Sep 2022 | £284,810 | £285,000 | 16 BUCKINGHAM DRIVE |
| 12 Aug 2022 | £211,991 | £211,000 | 462 BOLTON ROAD |
| 20 Jul 2022 | £403,998 | £399,950 | 25 KINGSTON CLOSE |
This house has a floor area of 110 sq meters or 1,189 sq feet when measured on 8 Mar 2012. Using an estimated price of £374,250 means this house is valued at £3,386 per sq meter (£314 per sq foot).
The average size of a house on NEWHAM DRIVE is 173 sq meters (1,866 sq feet).
This house is the smallest in the street with a floor area of 110 sq meters (1,189 sq feet).