£362,008
This estimated value is based upon the latest sale price for the house of £293,000 on 22 Nov 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £293,000 | 22 Nov 2019 |
| Detached |
| Leasehold |
| Floor Area: 100 sq meters or 1,076 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 November 2019 the House Price Index for GREATER MANCHESTER was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £293,000 results in an estimated price of approximately £362,008.
| 22 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £293,000 | £69,008 | £362,008 |
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 | -10.540 % | £-30,881 | £262,118 |
| 3 Month Average | 8.150 % | £23,880 | £316,880 |
| 6 Month Average | 25.303 % | £74,138 | £367,138 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £280,306 | £275,250 | 6 ELTON VALE ROAD |
| 1 Aug 2023 | £269,867 | £265,000 | 19 MINDEN CLOSE |
| 23 Jun 2023 | £295,930 | £290,000 | 3 BIRKDALE DRIVE |
| 31 Jan 2023 | £421,125 | £420,000 | 77 HAIG ROAD |
| 12 Jan 2023 | £481,286 | £480,000 | 69 HAIG ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 4 Jun 2019. Using an estimated price of £362,009 means this house is valued at £3,620 per sq meter (£336 per sq foot).
The average size of a house on MINDEN CLOSE is 179 sq meters (1,933 sq feet).
This house is the smallest in the street with a floor area of 100 sq meters (1,076 sq feet).