£234,364
This estimated value is based upon the latest sale price for the house of £98,950 on 7 May 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £98,950 | 7 May 2003 |
| £79,000 | 20 Dec 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 2003 the House Price Index for GREATER MANCHESTER was 62.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 136.852%.Applying this 136.852% change to the original purchase price of £98,950 results in an estimated price of approximately £234,364.
| 7 May 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.7 | 148.6 | 136.852 % | £98,950 | £135,414 | £234,364 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | 99.579 % | £98,533 | £197,483 |
| 3 Month Average | 148.458 % | £146,898 | £245,848 |
| 6 Month Average | 162.736 % | £161,027 | £259,977 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £118,575 | £116,500 | 8 ROYAL COURT DRIVE |
| 29 Sep 2023 | £101,245 | £99,950 | 94 ROYAL COURT DRIVE |
| 1 Sep 2023 | £106,360 | £105,000 | 11 ROYAL COURT DRIVE |
| 19 Jul 2023 | £111,501 | £110,000 | 29 ROYAL COURT DRIVE |
| 10 Feb 2023 | £99,933 | £100,000 | 53 ROYAL COURT DRIVE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 19 Sep 2019. Using an estimated price of £234,365 means this house is valued at £3,972 per sq meter (£369 per sq foot).
The average size of a house on ROYAL COURT DRIVE is 59 sq meters (640 sq feet).