£554,316
This estimated value is based upon the latest sale price for the house of £235,000 on 30 Jun 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £235,000 | 30 Jun 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 127 sq meters or 1,367 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 June 2003 the House Price Index for GREATER MANCHESTER was 63.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 135.879%.Applying this 135.879% change to the original purchase price of £235,000 results in an estimated price of approximately £554,316.
| 30 Jun 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 63.0 | 148.6 | 135.879 % | £235,000 | £319,316 | £554,316 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | 123.173 % | £289,456 | £524,456 |
| 3 Month Average | 140.392 % | £329,921 | £564,921 |
| 6 Month Average | 151.956 % | £357,096 | £592,096 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £455,828 | £450,000 | 8A VERDURE AVENUE |
| 21 Jul 2023 | £319,297 | £315,000 | 21 VERDURE AVENUE |
| 20 Feb 2023 | £571,615 | £572,000 | 7 TOWNCROFT LANE |
| 16 Sep 2022 | £248,989 | £251,000 | 31 VERDURE AVENUE |
| 26 Aug 2022 | £453,779 | £455,000 | 7 STOCKMAR GRANGE |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 28 Aug 2019. Using an estimated price of £554,316 means this house is valued at £4,364 per sq meter (£405 per sq foot).
The average size of a house on STOCKMAR GRANGE is 167 sq meters (1,800 sq feet).