Full Address

53 MOUNT SKIP LANE
LITTLE HULTON
MANCHESTER
GREATER MANCHESTER
UNITED KINGDOM
M38 9WR

Estimated Market Value

£124,638

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 MANCHESTER1

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Transactions for this house
Price PaidDate
£120,50024 May 2019
£83,50026 Jun 2015
House Details
Detached
Freehold

House Price Models

Land Registry House Price Index Model

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 127.1.

The House Price Index as of 1 Dec 2019 is 131.5 which is a change of 3.434%.

Applying this 3.434% change to the original purchase price of £120,500 gives us an estimated price now of around £124,638.

24 May 2019 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
127.1 131.5 3.434 % £120,500 £4,138 £124,638

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 53.130 % £64,021 £184,521
3 Month Average 12.077 % £14,552 £135,052
6 Month Average 3.514 % £4,234 £124,734

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In May 2019 the average sale price for the 50 nearest sales within two miles of 53 MOUNT SKIP LANE was £119,167.

In April 2020 the average sale price for the 2 nearest sales was £244,182. This is a change of 104.908%.

So taking the original purchase price of £120,500 and adjusting it by 104.908% gives an estimated price of £246,913.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 24 May 2019 Average price on 9 Apr 2020 % change Purchase Price Gain / Loss Estimated Price
£119,167 £244,182 104.908 % £120,500 £126,413 £246,913
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
16 Aug 2019 £126,653 £125,000 60 CONISTON AVENUE
24 May 2019 £124,638 £120,500 53 MOUNT SKIP LANE
1 May 2019 £72,404 £70,000 30 CONISTON AVENUE
12 Apr 2019 £121,779 £117,000 8 CONISTON AVENUE
11 Jan 2019 £128,211 £124,000 32 BEECHFIELD AVENUE

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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