£334,231
This estimated value is based upon the latest sale price for the house of £277,500 on 20 Mar 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£277,500 | 20 Mar 2020 |
£197,000 | 16 May 2003 |
Detached |
Freehold |
Floor Area: 122 sq meters or 1,313 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 March 2020 the House Price Index for GREATER MANCHESTER was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £277,500 results in an estimated price of approximately £334,231.
20 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.4 | 148.6 | 20.444 % | £277,500 | £56,731 | £334,231 |
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 | 0.487 % | £1,352 | £278,852 |
3 Month Average | 38.206 % | £106,022 | £383,522 |
6 Month Average | 27.045 % | £75,050 | £352,550 |
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 122 sq meters or 1,313 sq feet when measured on 18 Jul 2019. Using an estimated price of £334,231 means this house is valued at £2,739 per sq meter (£254 per sq foot).
The average size of a house on DURHAM DRIVE is 146 sq meters (1,574 sq feet).