£274,877
This estimated value is based upon the latest sale price for the house of £149,950 on 26 Aug 2005. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £149,950 | 26 Aug 2005 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 August 2005 the House Price Index for GREATER MANCHESTER was 81.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.313%.Applying this 83.313% change to the original purchase price of £149,950 results in an estimated price of approximately £274,877.
| 26 Aug 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.1 | 148.6 | 83.313 % | £149,950 | £124,927 | £274,877 |
The Postcode Pricing Model uses changes in average sales price within the WN5 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 | 212.181 % | £318,164 | £468,114 |
| 3 Month Average | 100.584 % | £150,825 | £300,775 |
| 6 Month Average | 50.249 % | £75,348 | £225,298 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £168,150 | £166,000 | 39 REEDSMERE CLOSE |
| 1 Aug 2023 | £176,544 | £175,000 | 1 REEDSMERE CLOSE |
| 28 Jul 2023 | £155,087 | £153,000 | 29 MARTINDALE CRESCENT |
| 14 Apr 2023 | £156,687 | £155,000 | 21 MARTINDALE CRESCENT |
| 31 Mar 2023 | £151,427 | £150,000 | 36 REEDSMERE CLOSE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 4 Sep 2020. Using an estimated price of £274,877 means this house is valued at £3,311 per sq meter (£307 per sq foot).
The average size of a house on MARTINDALE CRESCENT is 83 sq meters (898 sq feet).