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|£239,950||31 Jul 2013|
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 July 2013 the House Price Index for GREATER MANCHESTER was 92.6.The House Price Index as of 1 Dec 2019 is 131.5 which is a change of 42.035%.
Applying this 42.035% change to the original purchase price of £239,950 gives us an estimated price now of around £340,813.
|31 Jul 2013||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the M7 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||-10.260 %||£-24,618||£215,331|
|3 Month Average||44.624 %||£107,075||£347,025|
|6 Month Average||33.295 %||£79,892||£319,842|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In July 2013 the average sale price for the 50 nearest sales within two miles of 3A LEICESTER ROAD was £121,417.
In May 2020 the average sale price for the 1 nearest sales was £220,000. This is a change of 81.194%.
So taking the original purchase price of £239,950 and adjusting it by 81.194% gives an estimated price of £434,774.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 31 Jul 2013||Average price on 28 May 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|1 Nov 2019||£180,181||£180,000||48 LEICESTER ROAD|
|17 May 2019||£191,353||£185,000||22 HEATON STREET|
|20 Dec 2018||£154,823||£150,000||42 HEATON STREET|
|13 Dec 2018||£289,003||£280,000||13 CLEVELEYS GROVE|
|1 May 2018||£140,390||£130,000||27 BRISTOL STREET|