£77,813
This estimated value is based upon the latest sale price for the house of £57,000 on 1 Feb 2016. 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 |
|---|---|
| £57,000 | 1 Feb 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 February 2016 the House Price Index for GREATER MANCHESTER was 108.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 36.515%.Applying this 36.515% change to the original purchase price of £57,000 results in an estimated price of approximately £77,813.
| 1 Feb 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 148.6 | 36.515 % | £57,000 | £20,813 | £77,813 |
The Postcode Pricing Model uses changes in average sales price within the M8 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 | -52.930 % | £-30,170 | £26,829 |
| 3 Month Average | 55.269 % | £31,503 | £88,503 |
| 6 Month Average | 80.566 % | £45,922 | £102,922 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Apr 2022 | £159,619 | £155,000 | 66 LECESTER ROAD |
| 8 Apr 2022 | £121,516 | £118,000 | 46 SMEDLEY LANE |
| 25 Mar 2022 | £163,729 | £158,000 | 22 HAWKESHEAD ROAD |
| 15 Oct 2021 | £149,653 | £135,252 | 26 LECESTER ROAD |
| 23 Oct 2020 | £117,308 | £100,000 | 62 SMEDLEY LANE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 15 Jun 2016. Using an estimated price of £77,814 means this house is valued at £894 per sq meter (£83 per sq foot).
There is one other house on the street which we know the size of, this is 1 CAMLEY WALK it is 80.0