£374,767
This estimated value is based upon the latest sale price for the house of £217,000 on 27 May 2011. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £217,000 | 27 May 2011 |
| £87,950 | 29 Jan 1999 |
| Detached |
| Leasehold |
| Floor Area: 109 sq meters or 1,180 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 2011 the House Price Index for GREATER MANCHESTER was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.704%.Applying this 72.704% change to the original purchase price of £217,000 results in an estimated price of approximately £374,767.
| 27 May 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.704 % | £217,000 | £157,767 | £374,767 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 81.582 % | £177,032 | £394,032 |
| 3 Month Average | 82.831 % | £179,742 | £396,742 |
| 6 Month Average | 67.107 % | £145,621 | £362,621 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jan 2023 | £161,738 | £162,500 | 5 REDFERN WAY |
| 5 Aug 2022 | £199,463 | £200,000 | 16 REDFERN WAY |
| 27 May 2022 | £254,801 | £250,000 | 3 COAL BANK FOLD |
| 25 Mar 2022 | £278,755 | £269,000 | 15 NADEN VIEW |
| 5 Jan 2022 | £326,246 | £310,000 | 7 FURTHER FIELD |
This house has a floor area of 109 sq meters or 1,180 sq feet when measured on 30 Oct 2010. Using an estimated price of £374,767 means this house is valued at £3,418 per sq meter (£317 per sq foot).
There is one other house on the street which we know the size of, this is 8 HOLLOW FIELD it is 117.0