£314,583
This estimated value is based upon the latest sale price for the house of £185,000 on 1 Feb 2013. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £185,000 | 1 Feb 2013 |
| £93,000 | 24 May 2001 |
| £93,000 | 24 May 2001 |
| Detached |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 February 2013 the House Price Index for GREATER MANCHESTER was 88.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.045%.Applying this 70.045% change to the original purchase price of £185,000 results in an estimated price of approximately £314,583.
| 1 Feb 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 149.7 | 70.045 % | £185,000 | £129,583 | £314,583 |
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 | 91.843 % | £169,909 | £354,909 |
| 3 Month Average | 55.434 % | £102,552 | £287,552 |
| 6 Month Average | 59.802 % | £110,633 | £295,633 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Apr 2024 | £545,739 | £541,000 | 18 FURTHER FIELD |
| 6 Oct 2023 | £230,229 | £225,000 | 9 REDFERN WAY |
| 16 Jun 2023 | £443,896 | £435,000 | 8 RILLDENE WALK |
| 20 Jan 2023 | £162,935 | £162,500 | 5 REDFERN WAY |
| 5 Aug 2022 | £200,940 | £200,000 | 16 REDFERN WAY |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 7 Dec 2016. Using an estimated price of £314,584 means this house is valued at £2,643 per sq meter (£245 per sq foot).
The average size of a house on WATERCROFT is 154 sq meters (1,657 sq feet).
This house is the largest in the street with a floor area of 119 sq meters (1,280 sq feet).