£123,208
This estimated value is based upon the latest sale price for the house of £115,000 on 3 Dec 2021. 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 | 3 Dec 2021 |
| £150,000 | 17 Jul 2013 |
| Terraced |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 December 2021 the House Price Index for GREATER MANCHESTER was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £115,000 results in an estimated price of approximately £123,208.
| 3 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.6 | 7.138 % | £115,000 | £8,208 | £123,208 |
The Postcode Pricing Model uses changes in average sales price within the M13 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 | -39.129 % | £-44,997 | £70,002 |
| 3 Month Average | -19.819 % | £-22,791 | £92,208 |
| 6 Month Average | -4.461 % | £-5,129 | £109,870 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2023 | £298,211 | £295,000 | 155 BERESFORD ROAD |
| 21 Sep 2022 | £139,374 | £140,500 | 18 MELDON ROAD |
| 1 Jun 2022 | £116,648 | £115,000 | 24 MELDON ROAD |
| 7 Apr 2022 | £226,556 | £220,000 | 151 BERESFORD ROAD |
| 17 Dec 2021 | £299,986 | £280,000 | 11 HADLEY AVENUE |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 14 Sep 2021. Using an estimated price of £123,208 means this house is valued at £1,071 per sq meter (£99 per sq foot).
The average size of a house on MELDON ROAD is 118 sq meters (1,279 sq feet).