£332,711
This estimated value is based upon the latest sale price for the house of £270,000 on 2 Nov 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £270,000 | 2 Nov 2018 |
| £235,000 | 25 Apr 2014 |
| £129,995 | 8 Sep 1995 |
| Detached |
| Leasehold |
| Floor Area: 140 sq meters or 1,506 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 2018 the House Price Index for GREATER MANCHESTER was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £270,000 results in an estimated price of approximately £332,711.
| 2 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £270,000 | £62,711 | £332,711 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 74.811 % | £201,990 | £471,990 |
| 3 Month Average | 22.215 % | £59,979 | £329,979 |
| 6 Month Average | 33.186 % | £89,601 | £359,601 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £340,034 | £335,000 | 6 GREENCROFT WAY |
| 29 Jul 2022 | £360,972 | £360,000 | 12 CARRINGTON CLOSE |
| 4 Jul 2022 | £310,837 | £310,000 | 4 MANOR MILL CLOSE |
| 1 Jul 2022 | £171,462 | £171,000 | 15 TARNSIDE CLOSE |
| 30 Jun 2022 | £108,534 | £107,000 | 5 GREENFIELD LANE |
This house has a floor area of 140 sq meters or 1,506 sq feet when measured on 8 Jun 2012. Using an estimated price of £332,712 means this house is valued at £2,376 per sq meter (£220 per sq foot).
The average size of a house on TURNFIELD CLOSE is 158 sq meters (1,705 sq feet).