£285,124
This estimated value is based upon the latest sale price for the house of £230,000 on 9 Aug 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£230,000 | 9 Aug 2019 |
Detached |
Freehold |
Floor Area: 139 sq meters or 1,496 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 August 2019 the House Price Index for GREATER MANCHESTER was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £230,000 results in an estimated price of approximately £285,124.
9 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.8 | 149.7 | 23.967 % | £230,000 | £55,124 | £285,124 |
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 | 44.701 % | £102,812 | £332,812 |
3 Month Average | 30.899 % | £71,068 | £301,068 |
6 Month Average | 35.523 % | £81,703 | £311,703 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £353,986 | £345,000 | 5 SUNNINGDALE DRIVE |
17 Nov 2023 | £451,460 | £440,000 | 9 WENTWORTH AVENUE |
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 |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 25 Sep 2018. Using an estimated price of £285,125 means this house is valued at £2,051 per sq meter (£190 per sq foot).
The average size of a house on GRASMERE AVENUE is 92 sq meters (996 sq feet).
This house is the largest in the street with a floor area of 139 sq meters (1,496 sq feet).