78

£30,393

Full Address

78
PROSPECT ROAD
SALFORD
GREATER MANCHESTER
UNITED KINGDOM
M6 5SD

Estimated Market Value

£30,393

This estimated value is based upon the latest sale price for the house of £16,000 on 22 Dec 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1

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Transactions for this house
Price PaidDate
£16,00022 Dec 2004
House Details
Terraced
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 December 2004 the House Price Index for GREATER MANCHESTER was 78.8.

The House Price Index as of 1 May 2024 is 149.7 which is a change of 89.960%.

Applying this 89.960% change to the original purchase price of £16,000 results in an estimated price of approximately £30,393.

22 Dec 2004 1 May 2024 % change Purchase Price Gain / Loss Estimated Price
78.8 149.7 89.960 % £16,000 £14,393 £30,393

The Postcode Pricing Model uses changes in average sales price within the M6 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 266.049 % £42,567 £58,567
3 Month Average 264.635 % £42,341 £58,341
6 Month Average 209.903 % £33,584 £49,584
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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