£242,612
This estimated value is based upon the latest sale price for the house of £240,000 on 28 Apr 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £240,000 | 28 Apr 2023 |
| £205,000 | 25 Mar 2020 |
| £132,500 | 15 Mar 2004 |
| Terraced |
| Leasehold |
| Floor Area: 79 sq meters or 850 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 April 2023 the House Price Index for GREATER MANCHESTER was 147.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.088%.Applying this 1.088% change to the original purchase price of £240,000 results in an estimated price of approximately £242,612.
| 28 Apr 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 148.6 | 1.088 % | £240,000 | £2,612 | £242,612 |
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 | 72.938 % | £175,050 | £415,050 |
| 3 Month Average | -16.876 % | £-40,502 | £199,497 |
| 6 Month Average | -19.262 % | £-46,229 | £193,770 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £324,145 | £320,000 | 385 MOTTRAM ROAD |
| 28 Apr 2023 | £197,122 | £195,000 | 6 MEADWAY |
| 28 Apr 2023 | £242,612 | £240,000 | 20 MEADWAY |
| 28 Jun 2022 | £182,580 | £180,000 | 383 MOTTRAM ROAD |
| 6 Apr 2022 | £255,905 | £248,500 | 407 MOTTRAM ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 18 Sep 2019. Using an estimated price of £242,612 means this house is valued at £3,071 per sq meter (£285 per sq foot).
The average size of a house on MEADWAY is 77 sq meters (831 sq feet).