£617,743
This estimated value is based upon the latest sale price for the house of £500,000 on 10 Jun 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £500,000 | 10 Jun 2019 |
| £480,000 | 27 Sep 2018 |
| £490,000 | 11 Apr 2007 |
| Detached |
| Freehold |
| Floor Area: 198 sq meters or 2,131 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 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £500,000 results in an estimated price of approximately £617,743.
| 10 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £500,000 | £117,743 | £617,743 |
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 | -14.009 % | £-70,047 | £429,952 |
| 3 Month Average | 1.870 % | £9,352 | £509,352 |
| 6 Month Average | 19.731 % | £98,656 | £598,656 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £121,059 | £120,000 | 61 MARKLAND HILL LANE |
| 31 Mar 2023 | £166,569 | £165,000 | 73 MARKLAND HILL LANE |
| 25 Nov 2022 | £98,803 | £100,000 | 1 THORNBECK DRIVE |
| 18 May 2022 | £298,627 | £293,000 | 2 HEATON AVENUE |
| 1 Apr 2022 | £350,132 | £340,000 | 150 MARKLAND HILL LANE |
This house has a floor area of 198 sq meters or 2,131 sq feet when measured on 17 Jun 2014. Using an estimated price of £617,743 means this house is valued at £3,119 per sq meter (£289 per sq foot).
The average size of a house on MARKLAND HILL LANE is 111 sq meters (1,200 sq feet).