£117,082
This estimated value is based upon the latest sale price for the house of £47,950 on 23 Jan 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £47,950 | 23 Jan 2003 |
| Terraced |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 January 2003 the House Price Index for GREATER MANCHESTER was 60.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 144.176%.Applying this 144.176% change to the original purchase price of £47,950 results in an estimated price of approximately £117,082.
| 23 Jan 2003 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.1 | 146.7 | 144.176 % | £47,950 | £69,132 | £117,082 |
The Postcode Pricing Model uses changes in average sales price within the M19 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 | 366.187 % | £175,586 | £223,536 |
| 3 Month Average | 228.142 % | £109,394 | £157,344 |
| 6 Month Average | 283.427 % | £135,903 | £183,853 |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 7 Sep 2015.
The average size of a house on BROOM LANE is 86 sq meters (932 sq feet).