£283,914
This estimated value is based upon the latest sale price for the house of £265,000 on 7 Dec 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £265,000 | 7 Dec 2021 |
| Detached |
| Leasehold |
| Floor Area: 72 sq meters or 775 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 2021 the House Price Index for GREATER MANCHESTER was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £265,000 results in an estimated price of approximately £283,914.
| 7 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.6 | 7.138 % | £265,000 | £18,914 | £283,914 |
The Postcode Pricing Model uses changes in average sales price within the M9 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 | 34.087 % | £90,330 | £355,330 |
| 3 Month Average | -7.643 % | £-20,254 | £244,745 |
| 6 Month Average | -8.712 % | £-23,088 | £241,911 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £211,853 | £210,000 | 3 LEEGATE DRIVE |
| 24 Feb 2023 | £253,829 | £254,000 | 14 LEEGATE DRIVE |
| 13 Oct 2022 | £183,029 | £185,000 | 88 VICTORIA AVENUE EAST |
| 14 Apr 2022 | £190,513 | £185,000 | 123 VICTORIA AVENUE EAST |
| 18 Mar 2022 | £207,252 | £200,000 | 2 LEEGATE DRIVE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 25 Aug 2021. Using an estimated price of £283,915 means this house is valued at £3,943 per sq meter (£366 per sq foot).
The average size of a house on VICTORIA AVENUE EAST is 86 sq meters (926 sq feet).