£190,220
This estimated value is based upon the latest sale price for the house of £62,995 on 27 Mar 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £62,995 | 27 Mar 2002 |
| Semi-Detached |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 2002 the House Price Index for GREATER MANCHESTER was 49.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 201.961%.Applying this 201.961% change to the original purchase price of £62,995 results in an estimated price of approximately £190,220.
| 27 Mar 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.2 | 148.6 | 201.961 % | £62,995 | £127,225 | £190,220 |
The Postcode Pricing Model uses changes in average sales price within the BL8 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 | 70.717 % | £44,548 | £107,543 |
| 3 Month Average | 120.342 % | £75,809 | £138,804 |
| 6 Month Average | 162.543 % | £102,394 | £165,389 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £305,342 | £300,000 | 35 LOMOND DRIVE |
| 8 Dec 2023 | £162,849 | £160,000 | 47 WARWICK CLOSE |
| 29 Sep 2023 | £192,461 | £190,000 | 3 ANNECY CLOSE |
| 14 Jul 2023 | £198,674 | £196,000 | 12 LOMOND DRIVE |
| 4 Aug 2022 | £226,391 | £227,000 | 23 LOMOND DRIVE |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 19 Oct 2012. Using an estimated price of £190,221 means this house is valued at £3,658 per sq meter (£339 per sq foot).
The average size of a house on LOMOND DRIVE is 73 sq meters (789 sq feet).