£238,882
This estimated value is based upon the latest sale price for the house of £202,000 on 14 Sep 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £202,000 | 14 Sep 2020 |
| Semi-Detached |
| Leasehold |
| Floor Area: 92 sq meters or 990 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 September 2020 the House Price Index for GREATER MANCHESTER was 125.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 18.259%.Applying this 18.259% change to the original purchase price of £202,000 results in an estimated price of approximately £238,882.
| 14 Sep 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.0 | 18.259 % | £202,000 | £36,882 | £238,882 |
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 | 31.782 % | £64,199 | £266,199 |
| 3 Month Average | 19.029 % | £38,437 | £240,437 |
| 6 Month Average | 29.826 % | £60,247 | £262,247 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £239,810 | £239,000 | 1 GOSFORTH CLOSE |
| 11 Aug 2023 | £241,468 | £240,000 | 11 DUNSTERS AVENUE |
| 2 Sep 2022 | £232,176 | £235,000 | 17 TAMWORTH DRIVE |
| 1 Apr 2022 | £158,974 | £155,000 | 23 WHITEHEAD CRESCENT |
| 28 Jan 2022 | £166,254 | £158,615 | 54 HOLME AVENUE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 1 Jun 2020. Using an estimated price of £238,883 means this house is valued at £2,596 per sq meter (£241 per sq foot).
The average size of a house on JESMOND DRIVE is 113 sq meters (1,226 sq feet).