Full Address

M38 9WH

Estimated Market Value


This estimated value is based upon the latest sale price for the house of £27,500 on 5 Jan 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER1

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Transactions for this house
Price PaidDate
£27,5005 Jan 2004
House Details

House Price Models

Land Registry House Price Index Model

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 January 2004 the House Price Index for GREATER MANCHESTER was 67.3.

The House Price Index as of 1 Dec 2019 is 131.5 which is a change of 95.195%.

Applying this 95.195% change to the original purchase price of £27,500 gives us an estimated price now of around £53,678.

5 Jan 2004 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
67.3 131.5 95.195 % £27,500 £26,178 £53,678

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 120.115 % £33,031 £60,531
3 Month Average 96.471 % £26,529 £54,029
6 Month Average 135.087 % £37,148 £64,648

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In January 2004 the average sale price for the 50 nearest sales within two miles of 430 MANCHESTER ROAD EAST was £64,556.

In June 2020 the average sale price for the 6 nearest sales was £186,160. This is a change of 188.371%.

So taking the original purchase price of £27,500 and adjusting it by 188.371% gives an estimated price of £79,301.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 5 Jan 2004 Average price on 26 Jun 2020 % change Purchase Price Gain / Loss Estimated Price
£64,556 £186,160 188.371 % £27,500 £51,801 £79,301
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
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

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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