£327,816
This estimated value is based upon the latest sale price for the house of £250,000 on 22 Dec 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £250,000 | 22 Dec 2016 |
| £185,000 | 15 Jul 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 966 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 2016 the House Price Index for GREATER MANCHESTER was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £250,000 results in an estimated price of approximately £327,816.
| 22 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £250,000 | £77,816 | £327,816 |
The Postcode Pricing Model uses changes in average sales price within the SK4 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 | -35.741 % | £-89,353 | £160,646 |
| 3 Month Average | 31.300 % | £78,249 | £328,249 |
| 6 Month Average | 23.524 % | £58,810 | £308,810 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £324,145 | £320,000 | 2 CRESCENT PARK |
| 14 Jul 2023 | £372,007 | £367,000 | 4 JUNE AVENUE |
| 5 Jun 2023 | £141,717 | £140,000 | 11 STANTON GARDENS |
| 14 Apr 2023 | £214,813 | £212,500 | 18 CRESCENT PARK |
| 20 Feb 2023 | £449,697 | £450,000 | 18 MARCH AVENUE |
This house has a floor area of 89 sq meters or 966 sq feet when measured on 1 Oct 2009. Using an estimated price of £327,817 means this house is valued at £3,650 per sq meter (£339 per sq foot).
The average size of a house on PARK DRIVE is 85 sq meters (922 sq feet).