£166,943
This estimated value is based upon the latest sale price for the house of £125,000 on 3 Jun 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £125,000 | 3 Jun 2016 |
| £127,000 | 3 Apr 2008 |
| £92,000 | 15 Mar 2004 |
| £45,000 | 17 Dec 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 172 sq meters or 1,851 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 June 2016 the House Price Index for GREATER MANCHESTER was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £125,000 results in an estimated price of approximately £166,943.
| 3 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £125,000 | £41,943 | £166,943 |
The Postcode Pricing Model uses changes in average sales price within the SK3 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 | 22.356 % | £27,944 | £152,944 |
| 3 Month Average | 43.512 % | £54,389 | £179,389 |
| 6 Month Average | 44.426 % | £55,532 | £180,532 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £387,960 | £383,000 | 97 BRACADALE DRIVE |
| 2 Aug 2022 | £208,439 | £209,000 | 58 BRACADALE DRIVE |
| 13 May 2022 | £229,831 | £225,500 | 5 ORMSBY CLOSE |
| 3 May 2022 | £262,955 | £258,000 | 125 BRACADALE DRIVE |
| 28 Jan 2022 | £198,905 | £189,000 | 1 ORMSBY CLOSE |
This house has a floor area of 172 sq meters or 1,851 sq feet when measured on 10 Oct 2016. Using an estimated price of £166,944 means this house is valued at £970 per sq meter (£90 per sq foot).
The average size of a house on WATERMEAD CLOSE is 130 sq meters (1,407 sq feet).
This house is the largest in the street with a floor area of 172 sq meters (1,851 sq feet).