£178,684
This estimated value is based upon the latest sale price for the house of £145,000 on 5 Oct 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £145,000 | 5 Oct 2018 |
| £120,000 | 8 Dec 2017 |
| Detached |
| Freehold |
| Floor Area: 52 sq meters or 559 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 October 2018 the House Price Index for GREATER MANCHESTER was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £145,000 results in an estimated price of approximately £178,684.
| 5 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £145,000 | £33,684 | £178,684 |
The Postcode Pricing Model uses changes in average sales price within the WN6 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 | 29.359 % | £42,570 | £187,570 |
| 3 Month Average | 34.489 % | £50,009 | £195,009 |
| 6 Month Average | 19.549 % | £28,345 | £173,345 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jun 2023 | £103,757 | £102,500 | 322 WOODHOUSE LANE |
| 24 Apr 2023 | £174,883 | £173,000 | 27 ABBEYFIELDS |
| 8 Apr 2022 | £154,470 | £150,000 | 19 ABBEYFIELDS |
| 30 Mar 2022 | £167,874 | £162,000 | 119 BEECH HILL LANE |
| 28 Jan 2022 | £121,027 | £115,000 | 114 BEECH HILL LANE |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 31 Oct 2016. Using an estimated price of £178,685 means this house is valued at £3,436 per sq meter (£319 per sq foot).
The average size of a house on FARRIERS CROFT is 93 sq meters (1,008 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (559 sq feet).