This estimated value is based upon the latest sale price for the house of £112,500 on 9 Aug 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER1
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|£112,500||9 Aug 2019|
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 August 2019 the House Price Index for GREATER MANCHESTER was 129.7.The House Price Index as of 1 Dec 2019 is 131.5 which is a change of 1.323%.
Applying this 1.323% change to the original purchase price of £112,500 gives us an estimated price now of around £113,988.
|9 Aug 2019||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the M38 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||30.574 %||£34,396||£146,896|
|3 Month Average||9.725 %||£10,941||£123,441|
|6 Month Average||7.094 %||£7,980||£120,480|
|Date||Current Estimated Value||Price Paid||Address|
|9 Aug 2019||£113,988||£112,500||24 MARSH ROAD|
|19 Jul 2019||£116,951||£115,000||1 CORRIE STREET|
|5 Jul 2019||£71,188||£70,000||10 HARROP STREET|
|14 Jun 2019||£92,224||£90,000||34 BUILE HILL AVENUE|
|4 Apr 2019||£129,586||£124,500||40 KERSAL AVENUE|