£317,860
This estimated value is based upon the latest sale price for the house of £280,000 on 11 Feb 2021. 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 |
---|---|
£280,000 | 11 Feb 2021 |
£260,000 | 31 Jul 2017 |
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 February 2021 the House Price Index for GREATER MANCHESTER was 130.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 13.522%.Applying this 13.522% change to the original purchase price of £280,000 results in an estimated price of approximately £317,860.
11 Feb 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
130.9 | 148.6 | 13.522 % | £280,000 | £37,860 | £317,860 |
The Postcode Pricing Model uses changes in average sales price within the SK8 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 | 31.969 % | £89,513 | £369,513 |
3 Month Average | -6.021 % | £-16,860 | £263,139 |
6 Month Average | 10.940 % | £30,630 | £310,630 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Sep 2023 | £418,349 | £413,000 | 15 WORTHINGTON CRESCENT |
17 Aug 2023 | £620,428 | £615,000 | 11 MARCHBANK DRIVE |
31 Jul 2023 | £547,367 | £540,000 | 5 MARCHBANK DRIVE |
26 Apr 2023 | £545,827 | £539,950 | 2 MARCHBANK DRIVE |
26 Oct 2022 | £621,310 | £628,000 | 8 MARCHBANK DRIVE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 13 Apr 2017. Using an estimated price of £317,861 means this house is valued at £3,531 per sq meter (£328 per sq foot).
The average size of a house on WORTHINGTON CRESCENT is 109 sq meters (1,180 sq feet).