£119,555
This estimated value is based upon the latest sale price for the house of £90,000 on 9 Sep 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £90,000 | 9 Sep 2016 |
| Terraced |
| Leasehold |
| Floor Area: 84 sq meters or 904 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 September 2016 the House Price Index for GREATER MANCHESTER was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £90,000 results in an estimated price of approximately £119,555.
| 9 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £90,000 | £29,555 | £119,555 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | -6.964 % | £-6,267 | £83,732 |
| 3 Month Average | 19.147 % | £17,232 | £107,232 |
| 6 Month Average | 32.085 % | £28,876 | £118,876 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £153,846 | £152,500 | 54 MARKLAND HILL LANE |
| 18 Aug 2023 | £121,059 | £120,000 | 61 MARKLAND HILL LANE |
| 31 Jul 2023 | £118,545 | £116,950 | 8 RYDAL COURT |
| 7 Jul 2023 | £176,120 | £173,750 | 2 CALDBECK AVENUE |
| 21 Apr 2023 | £128,888 | £127,500 | 19 RYDAL COURT |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 14 Jan 2016. Using an estimated price of £119,555 means this house is valued at £1,423 per sq meter (£132 per sq foot).
The average size of a house on MARKLAND HILL LANE is 111 sq meters (1,200 sq feet).