£260,432
This estimated value is based upon the latest sale price for the house of £195,000 on 30 Jun 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £195,000 | 30 Jun 2016 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 June 2016 the House Price Index for GREATER MANCHESTER was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £195,000 results in an estimated price of approximately £260,432.
| 30 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £195,000 | £65,432 | £260,432 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 61.228 % | £119,393 | £314,393 |
| 3 Month Average | 45.662 % | £89,040 | £284,040 |
| 6 Month Average | 35.675 % | £69,566 | £264,566 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £324,809 | £320,000 | 111 HAREWOOD WAY |
| 25 Aug 2023 | £222,950 | £221,000 | 52 HAREWOOD ROAD |
| 10 Jul 2023 | £146,978 | £145,000 | APARTMENT 2 3 PAPERHOUSE CLOSE |
| 16 Feb 2023 | £217,853 | £218,000 | 27 NORDEN WAY |
| 9 Feb 2023 | £151,898 | £152,000 | APARTMENT 5 3 PAPERHOUSE CLOSE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 22 Oct 2013. Using an estimated price of £260,432 means this house is valued at £2,770 per sq meter (£257 per sq foot).