£355,709
This estimated value is based upon the latest sale price for the house of £219,995 on 9 Dec 2013. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£219,995 | 9 Dec 2013 |
Detached |
Leasehold |
Floor Area: 112 sq meters or 1,205 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 December 2013 the House Price Index for GREATER MANCHESTER was 92.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.690%.Applying this 61.690% change to the original purchase price of £219,995 results in an estimated price of approximately £355,709.
9 Dec 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
92.6 | 149.7 | 61.690 % | £219,995 | £135,714 | £355,709 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 50.680 % | £111,494 | £331,489 |
3 Month Average | 43.735 % | £96,213 | £316,208 |
6 Month Average | 53.230 % | £117,102 | £337,097 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £111,716 | £110,000 | 346 QUEENSWAY |
15 Aug 2023 | £15,685 | £15,402 | 1 MILLRACE CLOSE |
17 Nov 2022 | £343,394 | £345,000 | SHERWOOD INDUSTRIAL PARK QUEENSWAY |
23 Aug 2022 | £150,705 | £150,000 | 76 KIRKLEE ROAD |
8 Jul 2022 | £111,113 | £110,000 | 10 MALCOLM STREET |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 9 Jul 2013. Using an estimated price of £355,710 means this house is valued at £3,175 per sq meter (£295 per sq foot).
The average size of a house on MILLRACE CLOSE is 105 sq meters (1,132 sq feet).