£142,006
This estimated value is based upon the latest sale price for the house of £140,000 on 1 Jun 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£140,000 | 1 Jun 2022 |
£86,000 | 26 Jan 2007 |
£77,500 | 28 Jan 2005 |
Terraced |
Freehold |
Floor Area: 73 sq meters or 785 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 June 2022 the House Price Index for GREATER MANCHESTER was 146.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.433%.Applying this 1.433% change to the original purchase price of £140,000 results in an estimated price of approximately £142,006.
1 Jun 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.5 | 148.6 | 1.433 % | £140,000 | £2,006 | £142,006 |
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 | -17.464 % | £-24,449 | £115,550 |
3 Month Average | 7.505 % | £10,507 | £150,507 |
6 Month Average | 4.430 % | £6,201 | £146,201 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £147,582 | £145,000 | 2 HAROLD AVENUE |
23 Jun 2023 | £182,207 | £180,000 | 18 ASHFIELD GROVE |
17 Mar 2023 | £242,283 | £240,000 | 21 ESSEX ROAD |
16 Mar 2023 | £127,198 | £126,000 | 28 ASHFIELD GROVE |
16 Nov 2022 | £120,540 | £122,000 | 10 ASHFIELD GROVE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 21 Apr 2018. Using an estimated price of £142,007 means this house is valued at £1,945 per sq meter (£180 per sq foot).
The average size of a house on MAYFIELD GROVE is 83 sq meters (900 sq feet).