£188,397
This estimated value is based upon the latest sale price for the house of £185,000 on 25 Aug 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £185,000 | 25 Aug 2023 |
| £139,950 | 27 Nov 2020 |
| £126,000 | 12 Apr 2018 |
| £51,000 | 31 Jul 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 August 2023 the House Price Index for GREATER MANCHESTER was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £185,000 results in an estimated price of approximately £188,397.
| 25 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £185,000 | £3,397 | £188,397 |
The Postcode Pricing Model uses changes in average sales price within the WN2 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 | 31.196 % | £57,713 | £242,713 |
| 3 Month Average | 9.864 % | £18,248 | £203,248 |
| 6 Month Average | 15.996 % | £29,592 | £214,592 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £161,602 | £157,500 | 17 MONTFORD RISE |
| 31 Aug 2023 | £208,765 | £205,000 | 163 ASHBOURNE AVENUE |
| 25 Aug 2023 | £188,398 | £185,000 | 7 GRAY CLOSE |
| 31 Jan 2023 | £153,410 | £153,000 | 5 AMETHYST CLOSE |
| 27 Jan 2023 | £123,330 | £123,000 | 2 DRYTON WALK |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 13 Dec 2014. Using an estimated price of £188,398 means this house is valued at £2,730 per sq meter (£253 per sq foot).
The average size of a house on GRAY CLOSE is 81 sq meters (874 sq feet).