£166,578
This estimated value is based upon the latest sale price for the house of £128,500 on 12 May 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £128,500 | 12 May 2017 |
| £128,500 | 12 May 2017 |
| £46,250 | 2 Jul 1999 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 2017 the House Price Index for GREATER MANCHESTER was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £128,500 results in an estimated price of approximately £166,578.
| 12 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £128,500 | £38,078 | £166,578 |
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 | 67.086 % | £86,205 | £214,705 |
| 3 Month Average | 41.716 % | £53,605 | £182,105 |
| 6 Month Average | 48.755 % | £62,650 | £191,150 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £250,000 | £250,000 | 36 NORDEN CLOSE |
| 16 Apr 2024 | £180,064 | £178,500 | 8 NORDEN WAY |
| 24 Nov 2023 | £241,121 | £235,000 | 42 NORDEN CLOSE |
| 18 Sep 2023 | £204,508 | £200,000 | 855 EDENFIELD ROAD |
| 25 Aug 2023 | £225,059 | £221,000 | 52 HAREWOOD ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 26 Apr 2017. Using an estimated price of £166,578 means this house is valued at £2,135 per sq meter (£198 per sq foot).
The average size of a house on NORDEN CLOSE is 109 sq meters (1,175 sq feet).