£130,642
This estimated value is based upon the latest sale price for the house of £60,000 on 23 Dec 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £60,000 | 23 Dec 2003 |
| £55,000 | 5 Jun 2003 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 December 2003 the House Price Index for GREATER MANCHESTER was 68.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 117.737%.Applying this 117.737% change to the original purchase price of £60,000 results in an estimated price of approximately £130,642.
| 23 Dec 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 68.2 | 148.6 | 117.737 % | £60,000 | £70,642 | £130,642 |
The Postcode Pricing Model uses changes in average sales price within the SK16 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 | 253.396 % | £152,037 | £212,037 |
| 3 Month Average | 155.204 % | £93,122 | £153,122 |
| 6 Month Average | 146.403 % | £87,841 | £147,841 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £238,044 | £235,000 | 35 NEWBOLD CLOSE |
| 29 Sep 2023 | £206,642 | £204,000 | 1 STANION GROVE |
| 8 Aug 2023 | £153,745 | £152,400 | 17 NEWBOLD CLOSE |
| 27 Jul 2023 | £144,444 | £142,500 | 5 ARMADALE ROAD |
| 27 Jul 2023 | £180,428 | £178,000 | 7 STANION GROVE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 30 Jan 2013. Using an estimated price of £130,642 means this house is valued at £1,840 per sq meter (£170 per sq foot).
The average size of a house on ARMADALE ROAD is 80 sq meters (869 sq feet).