£380,603
This estimated value is based upon the latest sale price for the house of £275,000 on 15 Dec 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £275,000 | 15 Dec 2015 |
| Detached |
| Leasehold |
| Floor Area: 123 sq meters or 1,323 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 2015 the House Price Index for GREATER MANCHESTER was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £275,000 results in an estimated price of approximately £380,603.
| 15 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.6 | 38.401 % | £275,000 | £105,603 | £380,603 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 32.034 % | £88,092 | £363,092 |
| 3 Month Average | 43.643 % | £120,019 | £395,019 |
| 6 Month Average | 49.140 % | £135,135 | £410,135 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £350,184 | £345,000 | 4 CAIRNGORM DRIVE |
| 1 Aug 2022 | £493,671 | £495,000 | 8 NORWICK CLOSE |
| 29 Jul 2022 | £431,161 | £430,000 | 13 NORWICK CLOSE |
| 20 Jun 2022 | £385,447 | £380,000 | 4 NORWICK CLOSE |
| 24 May 2022 | £229,321 | £225,000 | 13 WHITBURN CLOSE |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 22 Aug 2014. Using an estimated price of £380,604 means this house is valued at £3,094 per sq meter (£287 per sq foot).
The average size of a house on MARNLAND GROVE is 132 sq meters (1,422 sq feet).