£493,349
This estimated value is based upon the latest sale price for the house of £400,000 on 5 Jul 2019. 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 |
|---|---|
| £400,000 | 5 Jul 2019 |
| £141,000 | 5 May 1999 |
| Detached |
| Leasehold |
| Floor Area: 145 sq meters or 1,560 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 July 2019 the House Price Index for GREATER MANCHESTER was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £400,000 results in an estimated price of approximately £493,349.
| 5 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £400,000 | £93,349 | £493,349 |
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 | 31.427 % | £125,707 | £525,707 |
| 3 Month Average | 21.325 % | £85,299 | £485,299 |
| 6 Month Average | 31.341 % | £125,364 | £525,364 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £263,907 | £260,000 | 3 DOUGLAS WALK |
| 14 Sep 2023 | £445,699 | £440,000 | 5 OAKWOOD |
| 18 Jul 2023 | £456,139 | £450,000 | 2 ELMWOOD |
| 28 Jun 2023 | £227,759 | £225,000 | 65 EPPING DRIVE |
| 29 Jul 2022 | £421,134 | £420,000 | 1 ELMWOOD |
This house has a floor area of 145 sq meters or 1,560 sq feet when measured on 3 Apr 2019. Using an estimated price of £493,350 means this house is valued at £3,402 per sq meter (£316 per sq foot).
There is one other house on the street which we know the size of, this is 2 CARRADALE DRIVE it is 60.0