£220,623
This estimated value is based upon the latest sale price for the house of £120,000 on 29 Jul 2005. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £120,000 | 29 Jul 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 109 sq meters or 1,174 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 July 2005 the House Price Index for GREATER MANCHESTER was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.853%.Applying this 83.853% change to the original purchase price of £120,000 results in an estimated price of approximately £220,623.
| 29 Jul 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 83.853 % | £120,000 | £100,623 | £220,623 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 85.903 % | £103,084 | £223,084 |
| 3 Month Average | 30.852 % | £37,022 | £157,022 |
| 6 Month Average | 51.274 % | £61,528 | £181,528 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2023 | £110,971 | £110,000 | 27 PENDLE COURT |
| 20 Jul 2023 | £86,160 | £85,000 | 41 PENDLE COURT |
| 11 Apr 2023 | £106,143 | £105,000 | 83 STOTT WHARF |
| 31 Mar 2023 | £90,856 | £90,000 | 68 PENDLE COURT |
| 17 Feb 2023 | £109,926 | £110,000 | 33 STOTT WHARF |
This house has a floor area of 109 sq meters or 1,174 sq feet when measured on 29 Nov 2008. Using an estimated price of £220,623 means this house is valued at £2,022 per sq meter (£187 per sq foot).
The average size of a house on STOTT WHARF is 71 sq meters (768 sq feet).