£175,334
This estimated value is based upon the latest sale price for the house of £103,500 on 21 Jul 2010. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £103,500 | 21 Jul 2010 |
| Semi-Detached |
| Leasehold |
| Floor Area: 101 sq meters or 1,095 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 July 2010 the House Price Index for GREATER MANCHESTER was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.405%.Applying this 69.405% change to the original purchase price of £103,500 results in an estimated price of approximately £175,334.
| 21 Jul 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 148.6 | 69.405 % | £103,500 | £71,834 | £175,334 |
The Postcode Pricing Model uses changes in average sales price within the BL9 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 | 138.609 % | £143,460 | £246,960 |
| 3 Month Average | 69.696 % | £72,135 | £175,635 |
| 6 Month Average | 63.782 % | £66,013 | £169,513 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £197,930 | £195,000 | 47 PALATINE DRIVE |
| 6 Nov 2023 | £182,705 | £180,000 | 73 PALATINE DRIVE |
| 29 Sep 2023 | £151,943 | £150,000 | 31 RIBBLE DRIVE |
| 26 Sep 2023 | £162,072 | £160,000 | 59 RIBBLE DRIVE |
| 9 Feb 2023 | £233,843 | £234,000 | 77 WALMERSLEY OLD ROAD |
This house has a floor area of 101 sq meters or 1,095 sq feet when measured on 7 Apr 2010. Using an estimated price of £175,334 means this house is valued at £1,722 per sq meter (£160 per sq foot).
The average size of a house on LANCASTER DRIVE is 124 sq meters (1,344 sq feet).