£294,423
This estimated value is based upon the latest sale price for the house of £240,000 on 6 Dec 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £240,000 | 6 Dec 2019 |
| Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2019 the House Price Index for GREATER MANCHESTER was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £240,000 results in an estimated price of approximately £294,423.
| 6 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.676 % | £240,000 | £54,423 | £294,423 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | -0.102 % | £-243 | £239,756 |
| 3 Month Average | 9.208 % | £22,099 | £262,099 |
| 6 Month Average | 24.263 % | £58,230 | £298,230 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £257,251 | £255,000 | 16 SEDGEFIELD DRIVE |
| 25 Aug 2023 | £206,809 | £205,000 | 53 SMITHILLS CROFT ROAD |
| 2 Aug 2023 | £199,243 | £197,500 | 28 SMITHILLS CROFT ROAD |
| 3 Jul 2023 | £253,411 | £250,000 | 12 ASHINGTON CLOSE |
| 24 Mar 2023 | £200,388 | £198,500 | 10 ASHINGTON CLOSE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 3 Apr 2019. Using an estimated price of £294,423 means this house is valued at £3,463 per sq meter (£321 per sq foot).
The average size of a house on SEDGEFIELD DRIVE is 101 sq meters (1,095 sq feet).