£163,183
This estimated value is based upon the latest sale price for the house of £112,500 on 27 Apr 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £112,500 | 27 Apr 2015 |
| £120,000 | 7 Jul 2006 |
| £48,000 | 30 Apr 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 58 sq meters or 624 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 April 2015 the House Price Index for GREATER MANCHESTER was 101.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 45.052%.Applying this 45.052% change to the original purchase price of £112,500 results in an estimated price of approximately £163,183.
| 27 Apr 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.1 | 146.7 | 45.052 % | £112,500 | £50,683 | £163,183 |
The Postcode Pricing Model uses changes in average sales price within the SK1 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 | 30.687 % | £34,522 | £147,022 |
| 3 Month Average | 81.639 % | £91,843 | £204,343 |
| 6 Month Average | 76.268 % | £85,801 | £198,301 |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 12 Aug 2014.
The average size of a house on FORBES ROAD is 70 sq meters (760 sq feet).