£104,806
This estimated value is based upon the latest sale price for the house of £70,000 on 17 Nov 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £70,000 | 17 Nov 2014 |
| £85,000 | 31 Jan 2006 |
| £31,950 | 12 Jan 1998 |
| Terraced |
| Freehold |
| Floor Area: 53 sq meters or 570 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 2014 the House Price Index for GREATER MANCHESTER was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £70,000 results in an estimated price of approximately £104,806.
| 17 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £70,000 | £34,806 | £104,806 |
The Postcode Pricing Model uses changes in average sales price within the M18 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 | 178.361 % | £124,852 | £194,852 |
| 3 Month Average | 120.792 % | £84,554 | £154,554 |
| 6 Month Average | 95.604 % | £66,922 | £136,922 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £273,497 | £270,000 | 16 MANNERING STREET |
| 28 Apr 2023 | £207,231 | £205,000 | 63 MELLAND ROAD |
| 20 Jan 2023 | £179,156 | £180,000 | 19 FELLBRIGG CLOSE |
| 28 Oct 2022 | £212,710 | £215,000 | 35 MELLAND ROAD |
| 9 Mar 2022 | £176,165 | £170,000 | 21 MELLAND ROAD |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 4 Sep 2014. Using an estimated price of £104,807 means this house is valued at £1,977 per sq meter (£183 per sq foot).
The average size of a house on FELLBRIGG CLOSE is 61 sq meters (665 sq feet).