£138,452
This estimated value is based upon the latest sale price for the house of £111,000 on 23 May 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £111,000 | 23 May 2018 |
| £94,000 | 18 Dec 2015 |
| £99,950 | 2 Jun 2006 |
| £84,000 | 30 Jun 2004 |
| £55,999 | 29 Nov 2002 |
| £35,000 | 8 Dec 1995 |
| £16,000 | 12 Sep 1995 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 2018 the House Price Index for GREATER MANCHESTER was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £111,000 results in an estimated price of approximately £138,452.
| 23 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £111,000 | £27,452 | £138,452 |
The Postcode Pricing Model uses changes in average sales price within the SK15 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 | -15.359 % | £-17,048 | £93,951 |
| 3 Month Average | 10.449 % | £11,598 | £122,598 |
| 6 Month Average | 29.598 % | £32,853 | £143,853 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2023 | £113,219 | £112,000 | 16 VICTORIA STREET |
| 12 Apr 2023 | £141,524 | £140,000 | 10 RIDGE HILL LANE |
| 3 Apr 2023 | £136,469 | £135,000 | 48 HANOVER STREET |
| 31 Mar 2023 | £166,569 | £165,000 | 1 ST WINIFREDS PLACE |
| 24 Mar 2023 | £136,284 | £135,000 | 15 HANOVER STREET |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 29 Oct 2014. Using an estimated price of £138,452 means this house is valued at £1,538 per sq meter (£142 per sq foot).
The average size of a house on RIDGE HILL LANE is 95 sq meters (1,025 sq feet).