Full Address

M43 6PW

Estimated Market Value


This estimated value is based upon the latest sale price for the house of £118,529 on 18 Jun 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER1

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Transactions for this house
Price PaidDate
£118,52918 Jun 2019
£112,95012 Jul 2006
£81,99514 Nov 2003
£55,00013 May 2003
House Details

House Price Models

Land Registry House Price Index Model

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 June 2019 the House Price Index for GREATER MANCHESTER was 128.3.

The House Price Index as of 1 Dec 2019 is 131.5 which is a change of 2.471%.

Applying this 2.471% change to the original purchase price of £118,529 gives us an estimated price now of around £121,457.

18 Jun 2019 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
128.3 131.5 2.471 % £118,529 £2,928 £121,457

The Postcode Pricing Model uses changes in average sales price within the M43 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 22.825 % £27,053 £145,582
3 Month Average 10.824 % £12,829 £131,358
6 Month Average -0.612 % £-725 £117,803

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In June 2019 the average sale price for the 50 nearest sales within two miles of 278 MANCHESTER ROAD was £112,320.

In September 2020 the average sale price for the 5 nearest sales was £120,625. This is a change of 7.394%.

So taking the original purchase price of £118,529 and adjusting it by 7.394% gives an estimated price of £127,293.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 18 Jun 2019 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£112,320 £120,625 7.394 % £118,529 £8,764 £127,293
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
18 Oct 2019 £166,291 £165,000 45 LYME GROVE
27 Sep 2019 £128,797 £127,500 58 BEECH AVENUE
18 Jun 2019 £121,458 £118,529 278 MANCHESTER ROAD
14 Feb 2019 £163,643 £157,500 15 WEST DRIVE
25 Jan 2019 £93,057 £90,000 58 KERSHAW STREET

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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