£226,828
This estimated value is based upon the latest sale price for the house of £205,000 on 15 Oct 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £205,000 | 15 Oct 2021 |
| £188,000 | 26 Sep 2018 |
| Detached |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 October 2021 the House Price Index for GREATER MANCHESTER was 134.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 10.648%.Applying this 10.648% change to the original purchase price of £205,000 results in an estimated price of approximately £226,828.
| 15 Oct 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.6 | 10.648 % | £205,000 | £21,828 | £226,828 |
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 | 8.372 % | £17,162 | £222,162 |
| 3 Month Average | -0.159 % | £-326 | £204,673 |
| 6 Month Average | 12.073 % | £24,748 | £229,748 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £106,578 | £105,000 | 245 DEMESNE DRIVE |
| 10 Nov 2023 | £142,104 | £140,000 | 249 DEMESNE DRIVE |
| 28 Mar 2023 | £186,760 | £185,000 | 15 CHURCHBANK |
| 28 Mar 2023 | £223,102 | £221,000 | 24 CHURCHBANK |
| 2 Nov 2022 | £153,145 | £155,000 | 227 DEMESNE DRIVE |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 3 May 2018. Using an estimated price of £226,828 means this house is valued at £4,362 per sq meter (£405 per sq foot).
The average size of a house on CHURCHBANK is 79 sq meters (854 sq feet).