£118,581
This estimated value is based upon the latest sale price for the house of £90,000 on 1 Nov 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £90,000 | 1 Nov 2016 |
| £60,000 | 15 Nov 2002 |
| £45,000 | 7 Oct 1998 |
| Semi-Detached |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 November 2016 the House Price Index for GREATER MANCHESTER was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £90,000 results in an estimated price of approximately £118,581.
| 1 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £90,000 | £28,581 | £118,581 |
The Postcode Pricing Model uses changes in average sales price within the WN1 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 | -42.618 % | £-38,355 | £51,644 |
| 3 Month Average | -8.332 % | £-7,498 | £82,501 |
| 6 Month Average | 5.500 % | £4,949 | £94,949 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Nov 2022 | £227,247 | £230,000 | 34 GREAT ACRE |
| 10 May 2022 | £161,544 | £158,500 | 47 GREAT ACRE |
| 7 Feb 2022 | £167,791 | £160,000 | 7 MALPAS AVENUE |
| 7 Feb 2022 | £120,600 | £115,000 | 82 VINE STREET |
| 3 Dec 2021 | £155,350 | £145,000 | 1 MALPAS AVENUE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 5 Feb 2015. Using an estimated price of £118,582 means this house is valued at £1,976 per sq meter (£183 per sq foot).
The average size of a house on MALPAS AVENUE is 76 sq meters (818 sq feet).