£312,501
This estimated value is based upon the latest sale price for the house of £290,000 on 6 Sep 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £290,000 | 6 Sep 2021 |
| Detached |
| Leasehold |
| Floor Area: 107 sq meters or 1,151 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 September 2021 the House Price Index for GREATER MANCHESTER was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £290,000 results in an estimated price of approximately £312,501.
| 6 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £290,000 | £22,501 | £312,501 |
The Postcode Pricing Model uses changes in average sales price within the OL6 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 | -35.404 % | £-102,670 | £187,329 |
| 3 Month Average | 11.632 % | £33,733 | £323,733 |
| 6 Month Average | 6.128 % | £17,771 | £307,771 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £131,147 | £130,000 | 21 WINCHESTER AVENUE |
| 20 Jul 2023 | £278,752 | £275,000 | 5 NORWICH CLOSE |
| 24 Mar 2023 | £474,470 | £470,000 | 20 DURHAM DRIVE |
| 16 Feb 2022 | £393,260 | £375,000 | 8 ST ALBANS AVENUE |
| 5 Nov 2021 | £486,681 | £450,000 | 26 LICHFIELD AVENUE |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 17 Sep 2020. Using an estimated price of £312,502 means this house is valued at £2,920 per sq meter (£271 per sq foot).
The average size of a house on LINCOLN CLOSE is 165 sq meters (1,786 sq feet).
This house is the smallest in the street with a floor area of 107 sq meters (1,151 sq feet).