£357,204
This estimated value is based upon the latest sale price for the house of £254,620 on 11 Nov 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £254,620 | 11 Nov 2015 |
| Detached |
| Leasehold |
| Floor Area: 124 sq meters or 1,334 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 November 2015 the House Price Index for GREATER MANCHESTER was 106.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 40.289%.Applying this 40.289% change to the original purchase price of £254,620 results in an estimated price of approximately £357,204.
| 11 Nov 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 149.7 | 40.289 % | £254,620 | £102,584 | £357,204 |
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 | 97.057 % | £247,127 | £501,747 |
| 3 Month Average | 30.352 % | £77,281 | £331,901 |
| 6 Month Average | 44.614 % | £113,595 | £368,215 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £178,433 | £172,950 | 6 KNUTSHAW GROVE |
| 22 Sep 2023 | £240,297 | £235,000 | 22 GORT WAY |
| 6 Sep 2023 | £357,889 | £350,000 | 45 ADAM STREET |
| 4 Mar 2022 | £307,960 | £295,000 | 9 KNUTSHAW GROVE |
| 6 Jan 2022 | £164,331 | £155,000 | 8 KNUTSHAW GROVE |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 1 Jul 2015. Using an estimated price of £357,205 means this house is valued at £2,880 per sq meter (£267 per sq foot).
The average size of a house on GORT WAY is 95 sq meters (1,031 sq feet).