£170,171
This estimated value is based upon the latest sale price for the house of £124,000 on 28 Jan 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £124,000 | 28 Jan 2016 |
| £104,500 | 26 Oct 2006 |
| £29,000 | 24 May 2002 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 January 2016 the House Price Index for GREATER MANCHESTER was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £124,000 results in an estimated price of approximately £170,171.
| 28 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £124,000 | £46,171 | £170,171 |
The Postcode Pricing Model uses changes in average sales price within the M19 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 | 104.663 % | £129,781 | £253,781 |
| 3 Month Average | 38.903 % | £48,239 | £172,239 |
| 6 Month Average | 55.015 % | £68,217 | £192,217 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £209,160 | £205,500 | 8 THORNCLIFFE GROVE |
| 10 Nov 2023 | £137,029 | £135,000 | 16 GREENWAY AVENUE |
| 20 Sep 2023 | £236,524 | £233,500 | 122 BROOM LANE |
| 28 Jul 2023 | £253,411 | £250,000 | 124 BROOM LANE |
| 1 Feb 2023 | £69,953 | £70,000 | 152 BROOM LANE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 18 Sep 2015. Using an estimated price of £170,172 means this house is valued at £2,299 per sq meter (£213 per sq foot).
The average size of a house on GREENWAY AVENUE is 81 sq meters (876 sq feet).