£549
This estimated value is based upon the latest sale price for the house of £465 on 26 Oct 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £465 | 26 Oct 2020 |
| £197,000 | 27 Nov 2019 |
| Freehold |
| Floor Area: 77 sq meters or 828 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 2020 the House Price Index for GREATER MANCHESTER was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £465 results in an estimated price of approximately £549.
| 26 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £465 | £84 | £549 |
The Postcode Pricing Model uses changes in average sales price within the OL12 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 | 71.595 % | £332 | £797 |
| 3 Month Average | 48.870 % | £227 | £692 |
| 6 Month Average | 38.799 % | £180 | £645 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £250,000 | £250,000 | 36 NORDEN CLOSE |
| 16 Apr 2024 | £180,064 | £178,500 | 8 NORDEN WAY |
| 10 Apr 2024 | £222,432 | £220,500 | 46 HAREWOOD ROAD |
| 24 Nov 2023 | £241,121 | £235,000 | 42 NORDEN CLOSE |
| 18 Sep 2023 | £204,508 | £200,000 | 855 EDENFIELD ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 13 Jun 2019. Using an estimated price of £550 means this house is valued at £7 per sq meter (£0 per sq foot).
The average size of a house on EDENFIELD ROAD is 105 sq meters (1,138 sq feet).