£252,577
This estimated value is based upon the latest sale price for the house of £240,000 on 20 Jan 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £240,000 | 20 Jan 2022 |
| £336,750 | 31 Jan 2007 |
| Terraced |
| Leasehold |
| Floor Area: 122 sq meters or 1,313 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 January 2022 the House Price Index for GREATER MANCHESTER was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £240,000 results in an estimated price of approximately £252,577.
| 20 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £240,000 | £12,577 | £252,577 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | -33.102 % | £-79,445 | £160,554 |
| 3 Month Average | -7.195 % | £-17,268 | £222,731 |
| 6 Month Average | 7.226 % | £17,341 | £257,341 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Sep 2023 | £227,914 | £225,000 | 5 REECETON GARDENS |
| 16 Jun 2023 | £536,499 | £530,000 | 21 SOMERDALE AVENUE |
| 12 Jun 2023 | £531,437 | £525,000 | 22 SOMERDALE AVENUE |
| 11 Apr 2023 | £298,211 | £295,000 | 2 REECETON GARDENS |
| 6 Jun 2022 | £87,233 | £86,000 | FLAT 1 4 ALBERT ROAD |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 21 Sep 2018. Using an estimated price of £252,578 means this house is valued at £2,070 per sq meter (£192 per sq foot).
The average size of a house on REECETON GARDENS is 131 sq meters (1,414 sq feet).