£274,393
This estimated value is based upon the latest sale price for the house of £188,000 on 1 May 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£188,000 | 1 May 2015 |
£113,000 | 3 Jan 2003 |
Semi-Detached |
Leasehold |
Floor Area: 109 sq meters or 1,173 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 May 2015 the House Price Index for GREATER MANCHESTER was 101.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.954%.Applying this 45.954% change to the original purchase price of £188,000 results in an estimated price of approximately £274,393.
1 May 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
101.8 | 148.6 | 45.954 % | £188,000 | £86,393 | £274,393 |
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 | 11.455 % | £21,535 | £209,535 |
3 Month Average | 31.658 % | £59,516 | £247,516 |
6 Month Average | 39.365 % | £74,005 | £262,005 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Mar 2023 | £174,645 | £173,000 | 19 THIRD STREET |
13 Jan 2023 | £168,208 | £169,000 | 11 SECOND STREET |
8 Dec 2021 | £139,279 | £130,000 | 89 LIGHTBOUNDS ROAD |
24 Sep 2021 | £121,768 | £113,000 | 104 LIGHTBOUNDS ROAD |
23 Jul 2021 | £385,004 | £335,000 | 5 FIRST STREET |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 4 Apr 2014. Using an estimated price of £274,393 means this house is valued at £2,517 per sq meter (£233 per sq foot).
The average size of a house on LOUVAINE AVENUE is 107 sq meters (1,159 sq feet).