£117,672
This estimated value is based upon the latest sale price for the house of £115,000 on 26 Oct 2023. 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 |
---|---|
£115,000 | 26 Oct 2023 |
£54,500 | 28 Jul 2003 |
£49,950 | 30 Nov 2001 |
Semi-Detached |
Leasehold |
Floor Area: 63 sq meters or 678 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 October 2023 the House Price Index for GREATER MANCHESTER was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £115,000 results in an estimated price of approximately £117,672.
26 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.3 | 149.7 | 2.324 % | £115,000 | £2,672 | £117,672 |
The Postcode Pricing Model uses changes in average sales price within the M9 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 | 17.214 % | £19,795 | £134,795 |
3 Month Average | 1.324 % | £1,522 | £116,522 |
6 Month Average | 2.196 % | £2,525 | £117,525 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Oct 2023 | £117,673 | £115,000 | 49 LILY LANE |
15 Sep 2023 | £154,404 | £151,000 | 3 STONEHEAD STREET |
7 Jun 2023 | £122,454 | £120,000 | 27 LILY LANE |
10 Mar 2023 | £135,767 | £133,500 | 50 SILTON STREET |
24 Feb 2023 | £161,076 | £160,000 | 17 LILY LANE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 10 Jul 2013. Using an estimated price of £117,673 means this house is valued at £1,867 per sq meter (£173 per sq foot).
The average size of a house on LILY LANE is 90 sq meters (977 sq feet).