£431,681
This estimated value is based upon the latest sale price for the house of £350,000 on 26 Jul 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £350,000 | 26 Jul 2019 |
| £180,000 | 16 Apr 2010 |
| Detached |
| Freehold |
| Floor Area: 155 sq meters or 1,668 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 July 2019 the House Price Index for GREATER MANCHESTER was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £350,000 results in an estimated price of approximately £431,681.
| 26 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £350,000 | £81,681 | £431,681 |
The Postcode Pricing Model uses changes in average sales price within the M22 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 | 49.363 % | £172,769 | £522,769 |
| 3 Month Average | 56.111 % | £196,388 | £546,388 |
| 6 Month Average | 51.146 % | £179,012 | £529,012 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £491,617 | £485,000 | 28 GRESTY AVENUE |
| 19 Jun 2023 | £344,169 | £340,000 | 205 PEEL HALL ROAD |
| 27 Mar 2023 | £252,378 | £250,000 | 46 LOMOND ROAD |
| 18 Nov 2022 | £382,368 | £387,000 | 10 GOLDIE AVENUE |
| 2 Aug 2022 | £458,765 | £460,000 | 25 LOMOND ROAD |
This house has a floor area of 155 sq meters or 1,668 sq feet when measured on 10 May 2019. Using an estimated price of £431,681 means this house is valued at £2,785 per sq meter (£258 per sq foot).
The average size of a house on LANCELOT ROAD is 147 sq meters (1,585 sq feet).
This house is the largest in the street with a floor area of 155 sq meters (1,668 sq feet).