£327,033
This estimated value is based upon the latest sale price for the house of £253,000 on 10 Apr 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £253,000 | 10 Apr 2017 |
| £205,000 | 30 Apr 2009 |
| £87,500 | 20 Dec 1995 |
| Detached |
| Leasehold |
| Floor Area: 114 sq meters or 1,230 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 April 2017 the House Price Index for GREATER MANCHESTER was 115.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.262%.Applying this 29.262% change to the original purchase price of £253,000 results in an estimated price of approximately £327,033.
| 10 Apr 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 148.6 | 29.262 % | £253,000 | £74,033 | £327,033 |
The Postcode Pricing Model uses changes in average sales price within the OL7 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 | 42.837 % | £108,377 | £361,377 |
| 3 Month Average | 40.430 % | £102,289 | £355,289 |
| 6 Month Average | 33.875 % | £85,704 | £338,704 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2023 | £85,808 | £85,000 | 17 FIELDFARE WAY |
| 22 Aug 2022 | £423,859 | £425,000 | 14 FIELDFARE WAY |
| 29 Oct 2021 | £361,265 | £326,500 | 17 RIDGECROFT |
| 26 Nov 2020 | £231,871 | £200,000 | 11 LARKFIELD CLOSE |
| 29 Nov 2019 | £300,479 | £245,000 | 2 LARKFIELD CLOSE |
This house has a floor area of 114 sq meters or 1,230 sq feet when measured on 26 Jan 2009. Using an estimated price of £327,034 means this house is valued at £2,860 per sq meter (£265 per sq foot).
The average size of a house on MEADOWBANK is 113 sq meters (1,225 sq feet).