£272,896
This estimated value is based upon the latest sale price for the house of £265,000 on 29 Apr 2022. 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 | 29 Apr 2022 |
| £145,000 | 29 Apr 2016 |
| £90,950 | 9 Oct 1998 |
| Detached |
| Freehold |
| Floor Area: 119 sq meters or 1,290 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 April 2022 the House Price Index for GREATER MANCHESTER was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £265,000 results in an estimated price of approximately £272,896.
| 29 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.6 | 2.980 % | £265,000 | £7,896 | £272,896 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 154.739 % | £410,058 | £675,058 |
| 3 Month Average | 6.679 % | £17,699 | £282,699 |
| 6 Month Average | 10.037 % | £26,596 | £291,596 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £102,885 | £101,500 | 4A PARKFIELD STREET |
| 22 Jun 2023 | £240,412 | £237,500 | 16 GILBROOK WAY |
| 3 Feb 2023 | £244,835 | £245,000 | 22 GILBROOK WAY |
| 31 May 2022 | £270,089 | £265,000 | 35 SUNHILL CLOSE |
| 29 Apr 2022 | £272,897 | £265,000 | 20 SUNHILL CLOSE |
This house has a floor area of 119 sq meters or 1,290 sq feet when measured on 17 Jun 2010. Using an estimated price of £272,897 means this house is valued at £2,275 per sq meter (£211 per sq foot).
The average size of a house on SUNHILL CLOSE is 112 sq meters (1,214 sq feet).