£145,561
This estimated value is based upon the latest sale price for the house of £90,000 on 28 Mar 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £90,000 | 28 Mar 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 844 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 March 2007 the House Price Index for GREATER MANCHESTER was 91.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 61.735%.Applying this 61.735% change to the original purchase price of £90,000 results in an estimated price of approximately £145,561.
| 28 Mar 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.9 | 148.6 | 61.735 % | £90,000 | £55,561 | £145,561 |
The Postcode Pricing Model uses changes in average sales price within the M18 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 | 99.138 % | £89,224 | £179,224 |
| 3 Month Average | 84.914 % | £76,422 | £166,422 |
| 6 Month Average | 69.429 % | £62,485 | £152,485 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £132,315 | £130,000 | 273 ABBEY HEY LANE |
| 8 Sep 2023 | £126,619 | £125,000 | 333 ABBEY HEY LANE |
| 4 Sep 2023 | £119,528 | £118,000 | 304 ABBEY HEY LANE |
| 3 Aug 2023 | £156,368 | £155,000 | 282 ABBEY HEY LANE |
| 10 Mar 2023 | £136,284 | £135,000 | 297 ABBEY HEY LANE |
This house has a floor area of 78 sq meters or 844 sq feet when measured on 20 May 2009. Using an estimated price of £145,561 means this house is valued at £1,854 per sq meter (£172 per sq foot).
The average size of a house on FORSHAW AVENUE is 107 sq meters (1,155 sq feet).
This house is the smallest in the street with a floor area of 78 sq meters (844 sq feet).