£294,305
This estimated value is based upon the latest sale price for the house of £214,000 on 5 Feb 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £214,000 | 5 Feb 2016 |
| £260,000 | 31 Jan 2008 |
| £197,000 | 29 Jun 2006 |
| Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 February 2016 the House Price Index for GREATER MANCHESTER was 108.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 37.526%.Applying this 37.526% change to the original purchase price of £214,000 results in an estimated price of approximately £294,305.
| 5 Feb 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 149.7 | 37.526 % | £214,000 | £80,305 | £294,305 |
The Postcode Pricing Model uses changes in average sales price within the OL10 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 | 66.511 % | £142,332 | £356,332 |
| 3 Month Average | 38.209 % | £81,766 | £295,766 |
| 6 Month Average | 38.908 % | £83,263 | £297,263 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £353,986 | £345,000 | 5 SUNNINGDALE DRIVE |
| 6 Oct 2023 | £385,761 | £377,000 | 1 BIRKDALE CLOSE |
| 6 Sep 2023 | £368,115 | £360,000 | 94 NEWHOUSE ROAD |
| 25 Aug 2023 | £300,418 | £295,000 | 39 NEWHOUSE ROAD |
| 27 Jun 2023 | £306,135 | £300,000 | 7 ST ANDREWS DRIVE |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 21 Aug 2014. Using an estimated price of £294,305 means this house is valued at £2,829 per sq meter (£262 per sq foot).
The average size of a house on NEWHOUSE ROAD is 100 sq meters (1,078 sq feet).