£572,425
This estimated value is based upon the latest sale price for the house of £449,000 on 16 Jul 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £449,000 | 16 Jul 2017 |
| Detached |
| Freehold |
| Floor Area: 224 sq meters or 2,411 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 2017 the House Price Index for GREATER MANCHESTER was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £449,000 results in an estimated price of approximately £572,425.
| 16 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £449,000 | £123,425 | £572,425 |
The Postcode Pricing Model uses changes in average sales price within the OL7 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 | 155.259 % | £697,113 | £1,146,113 |
| 3 Month Average | 54.967 % | £246,803 | £695,803 |
| 6 Month Average | 38.673 % | £173,641 | £622,641 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £260,000 | £260,000 | 40 MARSDEN CLOSE |
| 20 Dec 2023 | £238,167 | £234,000 | 11 MARSDEN CLOSE |
| 21 Jun 2023 | £222,698 | £220,000 | GRAVEL HILL COTTAGE RICHMOND STREET |
| 14 Apr 2023 | £561,041 | £555,000 | HOWBRO HOUSE, 5 HOWBRO DRIVE |
| 13 Mar 2023 | £272,568 | £270,000 | 15 DOVECOTE |
This house has a floor area of 224 sq meters or 2,411 sq feet when measured on 25 Jun 2014. Using an estimated price of £572,425 means this house is valued at £2,555 per sq meter (£237 per sq foot).
There is one other house on the street which we know the size of, this is MORNINGSIDE BACK LANE it is 174.0