£159,625
This estimated value is based upon the latest sale price for the house of £130,500 on 18 May 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £130,500 | 18 May 2020 |
| £115,000 | 21 Sep 2007 |
| £40,000 | 12 Sep 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 2020 the House Price Index for GREATER MANCHESTER was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.318%.Applying this 22.318% change to the original purchase price of £130,500 results in an estimated price of approximately £159,625.
| 18 May 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.318 % | £130,500 | £29,125 | £159,625 |
The Postcode Pricing Model uses changes in average sales price within the M18 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 | 119.441 % | £155,870 | £286,370 |
| 3 Month Average | 49.674 % | £64,824 | £195,324 |
| 6 Month Average | 26.931 % | £35,145 | £165,645 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £162,404 | £160,000 | 7 REDACRE ROAD |
| 9 Jun 2023 | £258,127 | £255,000 | 2 DONNINGTON ROAD |
| 7 Oct 2022 | £183,029 | £185,000 | 435 ABBEY HEY LANE |
| 24 Jun 2022 | £177,509 | £175,000 | 361 ABBEY HEY LANE |
| 20 May 2022 | £188,553 | £185,000 | 449 ABBEY HEY LANE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 11 Mar 2016. Using an estimated price of £159,625 means this house is valued at £2,046 per sq meter (£190 per sq foot).
The average size of a house on LOUVAINE CLOSE is 112 sq meters (1,209 sq feet).
This house is the smallest in the street with a floor area of 78 sq meters (839 sq feet).