This estimated value is based upon the latest sale price for the house of £232,950 on 30 Aug 2013. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER1
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|£232,950||30 Aug 2013|
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 August 2013 the House Price Index for GREATER MANCHESTER was 93.1.The House Price Index as of 1 Jun 2019 is 127.7 which is a change of 37.239%.
Applying this 37.239% change to the original purchase price of £232,950 gives us an estimated price now of around £319,697.
|30 Aug 2013||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the M7 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||2.182 %||£5,083||£238,033|
|3 Month Average||41.893 %||£97,589||£330,539|
|6 Month Average||30.052 %||£70,006||£302,956|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In August 2013 the average sale price for the 50 nearest sales within two miles of 5 LEICESTER ROAD was £100,420.
In October 2019 the average sale price for the 50 nearest sales was £165,689. This is a change of 64.996%.
So taking the original purchase price of £232,950 and adjusting it by 64.996% gives an estimated price of £384,359.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 30 Aug 2013||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|17 May 2019||£186,171||£185,000||22 HEATON STREET|
|17 Jan 2019||£211,092||£210,000||3 NORMAN ROAD|
|20 Dec 2018||£150,448||£150,000||42 HEATON STREET|
|17 Dec 2018||£236,705||£236,000||78 LEICESTER ROAD|
|13 Dec 2018||£280,837||£280,000||13 CLEVELEYS GROVE|