£283,096
This estimated value is based upon the latest sale price for the house of £220,000 on 25 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 |
---|---|
£220,000 | 25 May 2017 |
£160,000 | 27 Sep 2007 |
£80,000 | 25 Jan 2002 |
Detached |
Freehold |
Floor Area: 131 sq meters or 1,410 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 £220,000 results in an estimated price of approximately £283,096.
25 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
115.5 | 148.6 | 28.680 % | £220,000 | £63,096 | £283,096 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 51.445 % | £113,178 | £333,178 |
3 Month Average | 5.921 % | £13,026 | £233,026 |
6 Month Average | 17.939 % | £39,466 | £259,466 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Sep 2023 | £222,849 | £220,000 | 15 HARBERN DRIVE |
25 May 2022 | £242,571 | £238,000 | 344 WESTLEIGH LANE |
23 May 2022 | £136,064 | £133,500 | 308 WESTLEIGH LANE |
10 May 2022 | £254,801 | £250,000 | 13 HARBERN DRIVE |
7 Jan 2022 | £171,543 | £163,000 | 7 TAUNTON AVENUE |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 23 Aug 2016. Using an estimated price of £283,097 means this house is valued at £2,161 per sq meter (£200 per sq foot).
The average size of a house on WESTLEIGH LANE is 93 sq meters (1,010 sq feet).