£244,492
This estimated value is based upon the latest sale price for the house of £190,000 on 8 May 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£190,000 | 8 May 2017 |
£189,995 | 21 Dec 2006 |
Semi-Detached |
Freehold |
Floor Area: 108 sq meters or 1,162 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 May 2017 the House Price Index for GREATER MANCHESTER was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £190,000 results in an estimated price of approximately £244,492.
8 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
115.5 | 148.6 | 28.680 % | £190,000 | £54,492 | £244,492 |
The Postcode Pricing Model uses changes in average sales price within the M11 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 | 39.647 % | £75,330 | £265,330 |
3 Month Average | 62.985 % | £119,671 | £309,671 |
6 Month Average | 66.081 % | £125,553 | £315,553 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2023 | £279,133 | £275,000 | 143 OGDEN LANE |
12 Jan 2023 | £293,617 | £295,000 | 23 PAPRIKA CLOSE |
27 May 2022 | £239,513 | £235,000 | 19 PAPRIKA CLOSE |
30 Sep 2021 | £276,402 | £256,500 | 151 OGDEN LANE |
6 Aug 2021 | £223,123 | £200,000 | 11 PAPRIKA CLOSE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 31 Mar 2017. Using an estimated price of £244,493 means this house is valued at £2,263 per sq meter (£210 per sq foot).
The average size of a house on PAPRIKA CLOSE is 104 sq meters (1,123 sq feet).