£388,913
This estimated value is based upon the latest sale price for the house of £225,000 on 19 Aug 2011. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£225,000 | 19 Aug 2011 |
£114,950 | 6 Apr 2001 |
Detached |
Leasehold |
Floor Area: 130 sq meters or 1,400 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 2011 the House Price Index for GREATER MANCHESTER was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.850%.Applying this 72.850% change to the original purchase price of £225,000 results in an estimated price of approximately £388,913.
19 Aug 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.0 | 148.6 | 72.850 % | £225,000 | £163,913 | £388,913 |
The Postcode Pricing Model uses changes in average sales price within the WN3 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 | 109.509 % | £246,394 | £471,394 |
3 Month Average | 52.091 % | £117,205 | £342,205 |
6 Month Average | 37.446 % | £84,253 | £309,253 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Mar 2024 | £150,000 | £150,000 | 21 FOUNDRY LANE |
11 Apr 2023 | £171,345 | £169,500 | 19 FOUNDRY LANE |
22 Jul 2022 | £260,702 | £260,000 | 61 FINDLEY COOK ROAD |
23 Aug 2021 | £306,794 | £275,000 | 19 FINDLEY COOK ROAD |
11 Dec 2020 | £321,360 | £280,000 | 43 FOUNDRY LANE |
This house has a floor area of 130 sq meters or 1,400 sq feet when measured on 14 Oct 2010. Using an estimated price of £388,913 means this house is valued at £2,989 per sq meter (£277 per sq foot).
The average size of a house on FOUNDRY LANE is 108 sq meters (1,167 sq feet).