£138,510
This estimated value is based upon the latest sale price for the house of £115,000 on 13 Mar 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£115,000 | 13 Mar 2020 |
£93,000 | 1 Dec 2017 |
Terraced |
Leasehold |
Floor Area: 89 sq meters or 957 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 2020 the House Price Index for GREATER MANCHESTER was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £115,000 results in an estimated price of approximately £138,510.
13 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.4 | 148.6 | 20.444 % | £115,000 | £23,510 | £138,510 |
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 | 40.685 % | £46,788 | £161,788 |
3 Month Average | 45.547 % | £52,378 | £167,378 |
6 Month Average | 13.722 % | £15,780 | £130,780 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £111,146 | £109,500 | 9 HIGH BANK |
21 Jul 2023 | £113,528 | £112,000 | 3 CROWTHER STREET |
26 Jun 2023 | £93,128 | £92,000 | 8 CROWTHER STREET |
23 Feb 2023 | £160,892 | £161,000 | 2 HAWTHORN STREET |
15 Jul 2022 | £140,378 | £140,000 | 32 WOODHOUSE STREET |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 8 Aug 2017. Using an estimated price of £138,510 means this house is valued at £1,556 per sq meter (£144 per sq foot).
The average size of a house on CROSS LANE is 93 sq meters (1,008 sq feet).