£124,678
This estimated value is based upon the latest sale price for the house of £123,000 on 21 Jul 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £123,000 | 21 Jul 2023 |
| £40,000 | 6 Feb 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2023 the House Price Index for GREATER MANCHESTER was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £123,000 results in an estimated price of approximately £124,678.
| 21 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £123,000 | £1,678 | £124,678 |
The Postcode Pricing Model uses changes in average sales price within the WN5 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 | 7.188 % | £8,840 | £131,840 |
| 3 Month Average | 12.855 % | £15,811 | £138,811 |
| 6 Month Average | 2.411 % | £2,965 | £125,965 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £155,725 | £153,000 | 32 SHERWOOD DRIVE |
| 30 Nov 2023 | £147,179 | £145,000 | 74 THORBURN ROAD |
| 24 Nov 2023 | £106,578 | £105,000 | 14 THORBURN ROAD |
| 7 Aug 2023 | £139,218 | £138,000 | 5 CALDER PLACE |
| 21 Jul 2023 | £124,678 | £123,000 | 32 SEVERN DRIVE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 14 Jul 2014. Using an estimated price of £124,678 means this house is valued at £1,731 per sq meter (£160 per sq foot).
The average size of a house on SEVERN DRIVE is 98 sq meters (1,060 sq feet).
This house is the smallest in the street with a floor area of 72 sq meters (775 sq feet).