£201,760
This estimated value is based upon the latest sale price for the house of £161,000 on 29 Mar 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £161,000 | 29 Mar 2018 |
| £154,995 | 19 Jun 2013 |
| Terraced |
| Leasehold |
| Floor Area: 80 sq meters or 861 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 March 2018 the House Price Index for GREATER MANCHESTER was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £161,000 results in an estimated price of approximately £201,760.
| 29 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 148.6 | 25.317 % | £161,000 | £40,760 | £201,760 |
The Postcode Pricing Model uses changes in average sales price within the OL10 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 | 65.252 % | £105,055 | £266,055 |
| 3 Month Average | 53.023 % | £85,367 | £246,367 |
| 6 Month Average | 52.975 % | £85,289 | £246,289 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £176,030 | £172,950 | 6 KNUTSHAW GROVE |
| 22 Sep 2023 | £238,044 | £235,000 | 22 GORT WAY |
| 31 Jul 2023 | £217,933 | £215,000 | 21 PENHURST CRESCENT |
| 4 Mar 2022 | £305,697 | £295,000 | 9 KNUTSHAW GROVE |
| 6 Jan 2022 | £163,123 | £155,000 | 8 KNUTSHAW GROVE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 11 Oct 2012. Using an estimated price of £201,760 means this house is valued at £2,522 per sq meter (£234 per sq foot).
The average size of a house on GORT WAY is 95 sq meters (1,031 sq feet).