£121,300
This estimated value is based upon the latest sale price for the house of £95,000 on 4 Sep 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £95,000 | 4 Sep 2017 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 September 2017 the House Price Index for GREATER MANCHESTER was 117.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.685%.Applying this 27.685% change to the original purchase price of £95,000 results in an estimated price of approximately £121,300.
| 4 Sep 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 149.7 | 27.685 % | £95,000 | £26,300 | £121,300 |
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 | 47.169 % | £44,810 | £139,810 |
| 3 Month Average | 35.275 % | £33,511 | £128,511 |
| 6 Month Average | 15.145 % | £14,387 | £109,387 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £113,487 | £110,000 | 8 BRECHIN WAY |
| 8 Dec 2023 | £270,306 | £262,000 | 19 DORSET CLOSE |
| 4 Dec 2023 | £243,482 | £236,000 | 1 DORSET CLOSE |
| 29 Sep 2023 | £161,561 | £158,000 | 30 LINCOLN WALK |
| 14 Aug 2023 | £285,143 | £280,000 | 51 BURY OLD ROAD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 17 May 2017. Using an estimated price of £121,301 means this house is valued at £1,866 per sq meter (£173 per sq foot).
The average size of a house on BALMORAL DRIVE is 105 sq meters (1,133 sq feet).
This house is the smallest in the street with a floor area of 65 sq meters (699 sq feet).