£314,482
This estimated value is based upon the latest sale price for the house of £240,000 on 21 Oct 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £240,000 | 21 Oct 2016 |
| £164,000 | 6 Jul 2001 |
| Detached |
| Leasehold |
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 October 2016 the House Price Index for GREATER MANCHESTER was 112.2.
The House Price Index as of 1 Jan 2024 is 147.0 which is a change of 31.034%.Applying this 31.034% change to the original purchase price of £240,000 results in an estimated price of approximately £314,482.
| 21 Oct 2016 | 1 Jan 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 147.0 | 31.034 % | £240,000 | £74,482 | £314,482 |
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 | -23.559 % | £-56,542 | £183,457 |
| 3 Month Average | 5.827 % | £13,983 | £253,983 |
| 6 Month Average | 12.850 % | £30,839 | £270,839 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Jun 2023 | £237,515 | £238,000 | 8 SANDYBROOK CLOSE |
| 26 May 2023 | £330,225 | £330,000 | 4 MOORSIDE VIEW |
| 24 Mar 2023 | £199,457 | £200,000 | 11 WELLBANK STREET |
| 24 Mar 2023 | £234,362 | £235,000 | 22 WELLBANK STREET |
| 20 Mar 2023 | £159,566 | £160,000 | 15 WELLBANK STREET |