£547,777
This estimated value is based upon the latest sale price for the house of £317,000 on 1 Jul 2011. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £317,000 | 1 Jul 2011 |
| £167,500 | 26 Nov 1999 |
| £117,000 | 31 Jan 1995 |
| Detached |
| Freehold |
| Floor Area: 167 sq meters or 1,803 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 July 2011 the House Price Index for GREATER MANCHESTER was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.800%.Applying this 72.800% change to the original purchase price of £317,000 results in an estimated price of approximately £547,777.
| 1 Jul 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.800 % | £317,000 | £230,777 | £547,777 |
The Postcode Pricing Model uses changes in average sales price within the BL8 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 | 5.005 % | £15,864 | £332,864 |
| 3 Month Average | 20.248 % | £64,187 | £381,187 |
| 6 Month Average | 44.533 % | £141,169 | £458,169 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £363,918 | £360,000 | 52 RUDGWICK DRIVE |
| 24 Apr 2023 | £291,640 | £288,500 | 17 SPRINGSIDE COTTAGES SPRINGSIDE VIEW |
| 2 Feb 2023 | £349,765 | £350,000 | 2 HORSHAM CLOSE |
| 27 Jan 2023 | £462,820 | £465,000 | 26 HORSHAM CLOSE |
| 18 Aug 2022 | £458,765 | £460,000 | 29 HORSHAM CLOSE |
This house has a floor area of 167 sq meters or 1,803 sq feet when measured on 4 Feb 2011. Using an estimated price of £547,777 means this house is valued at £3,269 per sq meter (£303 per sq foot).
The average size of a house on HORSHAM CLOSE is 147 sq meters (1,587 sq feet).