£112,112
This estimated value is based upon the latest sale price for the house of £110,000 on 25 May 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£110,000 | 25 May 2022 |
£56,000 | 24 Feb 2012 |
Semi-Detached |
Freehold |
Floor Area: 62 sq meters or 676 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 May 2022 the House Price Index for GREATER MANCHESTER was 145.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.920%.Applying this 1.920% change to the original purchase price of £110,000 results in an estimated price of approximately £112,112.
25 May 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.8 | 148.6 | 1.920 % | £110,000 | £2,112 | £112,112 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 6.722 % | £7,394 | £117,394 |
3 Month Average | -17.075 % | £-18,782 | £91,217 |
6 Month Average | -4.336 % | £-4,769 | £105,230 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2023 | £131,954 | £130,000 | 26 CARISBROOKE ROAD |
28 Sep 2023 | £55,712 | £55,000 | 68A RICHMOND DRIVE |
11 Jul 2023 | £123,664 | £122,000 | 2 KENSINGTON DRIVE |
24 Mar 2023 | £126,189 | £125,000 | 61 RICHMOND DRIVE |
23 Jan 2023 | £134,367 | £135,000 | 1 HAMPTON GROVE |
This house has a floor area of 62 sq meters or 676 sq feet when measured on 1 Mar 2011. Using an estimated price of £112,112 means this house is valued at £1,783 per sq meter (£165 per sq foot).
The average size of a house on CHATSWORTH DRIVE is 86 sq meters (931 sq feet).
This house is the smallest in the street with a floor area of 62 sq meters (676 sq feet).