£416,244
This estimated value is based upon the latest sale price for the house of £107,950 on 23 Mar 2000. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£107,950 | 23 Mar 2000 |
Detached |
Leasehold |
Floor Area: 112 sq meters or 1,205 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 March 2000 the House Price Index for GREATER MANCHESTER was 38.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 285.590%.Applying this 285.590% change to the original purchase price of £107,950 results in an estimated price of approximately £416,244.
23 Mar 2000 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
38.4 | 148.0 | 285.590 % | £107,950 | £308,294 | £416,244 |
The Postcode Pricing Model uses changes in average sales price within the WN3 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 | 356.505 % | £384,846 | £492,796 |
3 Month Average | 243.459 % | £262,813 | £370,763 |
6 Month Average | 229.886 % | £248,161 | £356,111 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Mar 2024 | £150,508 | £150,000 | 21 FOUNDRY LANE |
11 Apr 2023 | £170,769 | £169,500 | 19 FOUNDRY LANE |
22 Jul 2022 | £259,649 | £260,000 | 61 FINDLEY COOK ROAD |
23 Aug 2021 | £305,556 | £275,000 | 19 FINDLEY COOK ROAD |
11 Dec 2020 | £320,062 | £280,000 | 43 FOUNDRY LANE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 30 Jun 2014. Using an estimated price of £416,244 means this house is valued at £3,716 per sq meter (£345 per sq foot).
The average size of a house on FOUNDRY LANE is 108 sq meters (1,167 sq feet).