£147,877
This estimated value is based upon the latest sale price for the house of £120,000 on 16 Oct 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £120,000 | 16 Oct 2018 |
| Terraced |
| Leasehold |
| Floor Area: 111 sq meters or 1,194 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 October 2018 the House Price Index for GREATER MANCHESTER was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £120,000 results in an estimated price of approximately £147,877.
| 16 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £120,000 | £27,877 | £147,877 |
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 | 49.681 % | £59,617 | £179,617 |
| 3 Month Average | 25.376 % | £30,451 | £150,451 |
| 6 Month Average | 13.954 % | £16,744 | £136,744 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Mar 2023 | £80,761 | £80,000 | 116 PADERBORN COURT |
| 13 Feb 2023 | £48,967 | £49,000 | 409 MARSDEN HOUSE MARSDEN ROAD |
| 11 Aug 2022 | £448,792 | £450,000 | 18 SPA ROAD |
| 29 Jul 2022 | £127,844 | £127,500 | 34 LYDBROOK CLOSE |
| 25 Feb 2022 | £146,817 | £140,000 | 17 HANOVER STREET |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 22 Oct 2014. Using an estimated price of £147,877 means this house is valued at £1,332 per sq meter (£123 per sq foot).
The average size of a house on LYDBROOK CLOSE is 118 sq meters (1,279 sq feet).