£293,993
This estimated value is based upon the latest sale price for the house of £238,000 on 15 Feb 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
| Price Paid | Date |
|---|---|
| £238,000 | 15 Feb 2019 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 February 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 23.527%.Applying this 23.527% change to the original purchase price of £238,000 results in an estimated price of approximately £293,993.
| 15 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £238,000 | £55,993 | £293,993 |
The Postcode Pricing Model uses changes in average sales price within the M33 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 | 35.739 % | £85,058 | £323,058 |
| 3 Month Average | 23.249 % | £55,332 | £293,332 |
| 6 Month Average | 31.108 % | £74,037 | £312,037 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £531,800 | £525,000 | 15 SOUTHERN ROAD |
| 24 Jul 2023 | £709,550 | £700,000 | 40 PARK AVENUE |
| 11 Apr 2023 | £58,126 | £57,500 | 3 RED ROSE GARDENS |
| 8 Aug 2022 | £217,913 | £218,500 | 3 SOMERSET PLACE |
| 30 Jun 2022 | £334,730 | £330,000 | 51 SOUTHERN ROAD |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 29 Oct 2018. Using an estimated price of £293,994 means this house is valued at £3,499 per sq meter (£325 per sq foot).
The average size of a house on SOMERSET PLACE is 95 sq meters (1,030 sq feet).