£462,562
This estimated value is based upon the latest sale price for the house of £265,000 on 15 May 2006. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £265,000 | 15 May 2006 |
| £120,750 | 29 Mar 2000 |
| £109,950 | 25 Aug 1995 |
| Detached |
| Freehold |
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 2006 the House Price Index for GREATER MANCHESTER was 85.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 74.552%.Applying this 74.552% change to the original purchase price of £265,000 results in an estimated price of approximately £462,562.
| 15 May 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 148.6 | 74.552 % | £265,000 | £197,562 | £462,562 |
The Postcode Pricing Model uses changes in average sales price within the BL6 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 | 59.475 % | £157,609 | £422,609 |
| 3 Month Average | 31.497 % | £83,467 | £348,467 |
| 6 Month Average | 38.655 % | £102,435 | £367,435 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Aug 2023 | £433,795 | £430,000 | 114 GREEN LANE |
| 31 Mar 2023 | £247,330 | £245,000 | 34 PENNINE ROAD |
| 17 Mar 2023 | £185,750 | £184,000 | 5 CHILTERN CLOSE |
| 3 Feb 2023 | £359,758 | £360,000 | 111 GREEN LANE |
| 29 Jul 2022 | £270,729 | £270,000 | 7 COTSWOLD DRIVE |