£160,431
This estimated value is based upon the latest sale price for the house of £160,000 on 8 Jul 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £160,000 | 8 Jul 2022 |
| £19,000 | 25 Jul 2001 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 818 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 2022 the House Price Index for GREATER MANCHESTER was 148.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.270%.Applying this 0.270% change to the original purchase price of £160,000 results in an estimated price of approximately £160,431.
| 8 Jul 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 148.6 | 0.270 % | £160,000 | £431 | £160,431 |
The Postcode Pricing Model uses changes in average sales price within the M19 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 | 11.890 % | £19,023 | £179,023 |
| 3 Month Average | -25.513 % | £-40,820 | £119,179 |
| 6 Month Average | -11.165 % | £-17,864 | £142,135 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Feb 2023 | £286,307 | £286,500 | 3 DANFORTH GROVE |
| 8 Jul 2022 | £160,432 | £160,000 | 5 BROOM LANE |
| 22 Apr 2022 | £206,549 | £200,572 | 8 JULIUS STREET |
| 9 Mar 2022 | £203,107 | £196,000 | 10 JULIUS STREET |
| 27 Jan 2022 | £191,538 | £182,000 | 6 CRONSHAW STREET |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 14 Sep 2018. Using an estimated price of £160,432 means this house is valued at £2,110 per sq meter (£196 per sq foot).
The average size of a house on BROOM LANE is 86 sq meters (932 sq feet).