£304,890
This estimated value is based upon the latest sale price for the house of £60,000 on 18 Jul 1997. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £60,000 | 18 Jul 1997 |
| Semi-Detached |
| Leasehold |
| Floor Area: 87 sq meters or 936 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 July 1997 the House Price Index for GREATER MANCHESTER was 29.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 408.152%.Applying this 408.152% change to the original purchase price of £60,000 results in an estimated price of approximately £304,890.
| 18 Jul 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.2 | 148.6 | 408.152 % | £60,000 | £244,890 | £304,890 |
The Postcode Pricing Model uses changes in average sales price within the BL8 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 | 178.678 % | £107,206 | £167,206 |
| 3 Month Average | 210.405 % | £126,243 | £186,243 |
| 6 Month Average | 274.085 % | £164,450 | £224,450 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Dec 2023 | £142,493 | £140,000 | 10 CHILTERN DRIVE |
| 14 Jul 2023 | £375,048 | £370,000 | 2 CHEVIOT CLOSE |
| 10 Mar 2023 | £297,806 | £295,000 | 2 MENDIP CRESCENT |
| 28 Mar 2022 | £177,201 | £171,000 | 6 CHILTERN DRIVE |
| 10 Dec 2021 | £342,841 | £320,000 | 28 MENDIP CRESCENT |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 24 Oct 2016. Using an estimated price of £304,891 means this house is valued at £3,504 per sq meter (£325 per sq foot).
The average size of a house on MENDIP CRESCENT is 98 sq meters (1,062 sq feet).