£574,751
This estimated value is based upon the latest sale price for the house of £460,000 on 2 Feb 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
| Price Paid | Date |
|---|---|
| £460,000 | 2 Feb 2018 |
| Detached |
| Freehold |
| Floor Area: 137 sq meters or 1,474 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 February 2018 the House Price Index for GREATER MANCHESTER was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £460,000 results in an estimated price of approximately £574,751.
| 2 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £460,000 | £114,751 | £574,751 |
The Postcode Pricing Model uses changes in average sales price within the M33 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 | 22.087 % | £101,598 | £561,598 |
| 3 Month Average | 36.501 % | £167,906 | £627,906 |
| 6 Month Average | 39.085 % | £179,791 | £639,791 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £963,515 | £949,250 | 57 THE AVENUE |
| 15 Sep 2023 | £557,123 | £550,000 | 34 WINCHAM ROAD |
| 4 Aug 2023 | £487,197 | £482,935 | 12 EDALE GROVE |
| 31 Jan 2023 | £945,546 | £950,000 | 28 MEADWAY |
| 15 Jul 2022 | £531,431 | £530,000 | 2 WOODHOUSE LANE |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 17 Oct 2017. Using an estimated price of £574,752 means this house is valued at £4,195 per sq meter (£389 per sq foot).
The average size of a house on FAIRWAY DRIVE is 146 sq meters (1,577 sq feet).