£197,327
This estimated value is based upon the latest sale price for the house of £114,950 on 25 Aug 2006. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £114,950 | 25 Aug 2006 |
| £28,000 | 3 Sep 1999 |
| Terraced |
| Leasehold |
| Floor Area: 60 sq meters or 648 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 2006 the House Price Index for GREATER MANCHESTER was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.664%.Applying this 71.664% change to the original purchase price of £114,950 results in an estimated price of approximately £197,327.
| 25 Aug 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.664 % | £114,950 | £82,377 | £197,327 |
The Postcode Pricing Model uses changes in average sales price within the SK3 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 | 33.369 % | £38,357 | £153,307 |
| 3 Month Average | 63.676 % | £73,195 | £188,145 |
| 6 Month Average | 64.530 % | £74,176 | £189,126 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Jun 2023 | £190,305 | £188,000 | 83 HARDCASTLE ROAD |
| 3 Mar 2023 | £585,516 | £580,000 | 52 CASTLE STREET |
| 3 Mar 2023 | £585,516 | £580,000 | 50 CASTLE STREET |
| 3 Mar 2023 | £585,516 | £580,000 | ADVANCE HOUSE, 44 - 46 CASTLE STREET |
| 3 Mar 2023 | £585,516 | £580,000 | 54 CASTLE STREET |
This house has a floor area of 60 sq meters or 648 sq feet when measured on 7 Jan 2011. Using an estimated price of £197,327 means this house is valued at £3,275 per sq meter (£304 per sq foot).
The average size of a house on MERCIAN WAY is 78 sq meters (841 sq feet).