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|£76,000||24 Nov 2006|
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 2006 the House Price Index for GREATER MANCHESTER was 101.2.The House Price Index as of 1 Dec 2019 is 131.5 which is a change of 29.950%.
Applying this 29.950% change to the original purchase price of £76,000 gives us an estimated price now of around £98,761.
|24 Nov 2006||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the M38 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||60.488 %||£45,970||£121,970|
|3 Month Average||32.655 %||£24,818||£100,818|
|6 Month Average||44.148 %||£33,552||£109,552|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In November 2006 the average sale price for the 50 nearest sales within two miles of 340 MANCHESTER ROAD EAST was £89,933.
In June 2020 the average sale price for the 6 nearest sales was £186,160. This is a change of 106.999%.
So taking the original purchase price of £76,000 and adjusting it by 106.999% gives an estimated price of £157,319.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 24 Nov 2006||Average price on 26 Jun 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|27 Sep 2019||£57,580||£57,000||26 CRESTFOLD|
|16 Aug 2019||£126,653||£125,000||60 CONISTON AVENUE|
|19 Jul 2019||£116,951||£115,000||1 CORRIE STREET|
|24 May 2019||£124,638||£120,500||53 MOUNT SKIP LANE|
|30 Apr 2019||£364,297||£350,000||GALLAGHER HOUSE, 18 SMITHFOLD LANE|