£132,442
This estimated value is based upon the latest sale price for the house of £106,000 on 23 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 |
|---|---|
| £106,000 | 23 Feb 2018 |
| Terraced |
| Freehold |
| Floor Area: 62 sq meters or 667 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 £106,000 results in an estimated price of approximately £132,442.
| 23 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £106,000 | £26,442 | £132,442 |
The Postcode Pricing Model uses changes in average sales price within the M9 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 | 136.202 % | £144,374 | £250,374 |
| 3 Month Average | 32.218 % | £34,150 | £140,150 |
| 6 Month Average | 17.776 % | £18,842 | £124,842 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £141,813 | £140,000 | 100 GLENBROOK ROAD |
| 18 Sep 2023 | £253,238 | £250,000 | 512 VICTORIA AVENUE |
| 27 Jun 2023 | £136,655 | £135,000 | 62 MELVERLEY ROAD |
| 10 Mar 2023 | £134,770 | £133,500 | 78 MELVERLEY ROAD |
| 24 Feb 2023 | £299,798 | £300,000 | 514 VICTORIA AVENUE |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 18 Dec 2017. Using an estimated price of £132,443 means this house is valued at £2,136 per sq meter (£198 per sq foot).
The average size of a house on VELMERE AVENUE is 91 sq meters (986 sq feet).