£148,052
This estimated value is based upon the latest sale price for the house of £120,500 on 24 May 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£120,500 | 24 May 2019 |
£83,500 | 26 Jun 2015 |
Detached |
Freehold |
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 May 2019 the House Price Index for GREATER MANCHESTER was 120.2.
The House Price Index as of 1 Dec 2023 is 147.7 which is a change of 22.865%.Applying this 22.865% change to the original purchase price of £120,500 results in an estimated price of approximately £148,052.
24 May 2019 | 1 Dec 2023 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 147.7 | 22.865 % | £120,500 | £27,552 | £148,052 |
The Postcode Pricing Model uses changes in average sales price within the M38 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 | 104.413 % | £125,817 | £246,317 |
3 Month Average | 27.018 % | £32,556 | £153,056 |
6 Month Average | 45.137 % | £54,390 | £174,890 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Feb 2023 | £166,742 | £169,000 | 18 MOUNT SKIP LANE |
15 Jul 2022 | £167,868 | £170,000 | 37 MOUNT SKIP LANE |
17 Jun 2022 | £179,757 | £180,000 | 490 MANCHESTER ROAD EAST |
25 Mar 2022 | £142,802 | £140,000 | 18 HILTON STREET |
7 Jan 2022 | £181,516 | £175,000 | 7 CONISTON AVENUE |