£49,944
This estimated value is based upon the latest sale price for the house of £9,000 on 1 Aug 1996. 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 |
|---|---|
| £9,000 | 1 Aug 1996 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 August 1996 the House Price Index for GREATER MANCHESTER was 26.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 454.939%.Applying this 454.939% change to the original purchase price of £9,000 results in an estimated price of approximately £49,944.
| 1 Aug 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.8 | 148.6 | 454.939 % | £9,000 | £40,944 | £49,944 |
The Postcode Pricing Model uses changes in average sales price within the M9 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 | 816.392 % | £73,475 | £82,475 |
| 3 Month Average | 500.338 % | £45,030 | £54,030 |
| 6 Month Average | 489.635 % | £44,067 | £53,067 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £173,027 | £170,000 | 1 LILA STREET |
| 24 Nov 2023 | £172,555 | £170,000 | 5 PARSONS WAY |
| 10 Nov 2023 | £60,902 | £60,000 | 16 MORA STREET |
| 9 Jun 2023 | £143,235 | £141,500 | 28 ZETA STREET |
| 8 Feb 2023 | £154,896 | £155,000 | 35 AMOS STREET |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 14 Oct 2014. Using an estimated price of £49,944 means this house is valued at £648 per sq meter (£60 per sq foot).
The average size of a house on LILA STREET is 89 sq meters (959 sq feet).