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|£285,000||12 Sep 2007|
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 September 2007 the House Price Index for GREATER MANCHESTER was 108.1.The House Price Index as of 1 Dec 2019 is 131.5 which is a change of 21.630%.
Applying this 21.630% change to the original purchase price of £285,000 gives us an estimated price now of around £346,645.
|12 Sep 2007||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the M7 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||-12.359 %||£-35,222||£249,777|
|3 Month Average||34.838 %||£99,287||£384,287|
|6 Month Average||29.507 %||£84,096||£369,096|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In September 2007 the average sale price for the 50 nearest sales within three quarters of a mile of 21 LEICESTER ROAD was £145,836.
In May 2020 the average sale price for the 1 nearest sales was £220,000. This is a change of 50.854%.
So taking the original purchase price of £285,000 and adjusting it by 50.854% gives an estimated price of £429,934.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 12 Sep 2007||Average price on 28 May 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|1 Nov 2019||£180,181||£180,000||48 LEICESTER ROAD|
|17 May 2019||£191,353||£185,000||22 HEATON STREET|
|20 Dec 2018||£154,823||£150,000||42 HEATON STREET|
|13 Dec 2018||£289,003||£280,000||13 CLEVELEYS GROVE|
|1 May 2018||£140,390||£130,000||27 BRISTOL STREET|