£221,128
This estimated value is based upon the latest sale price for the house of £179,000 on 31 Jan 2019. 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 |
---|---|
£179,000 | 31 Jan 2019 |
£147,475 | 1 Oct 2004 |
Flats/Maisonettes |
Leasehold |
Floor Area: 55 sq meters or 592 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 January 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £179,000 results in an estimated price of approximately £221,128.
31 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.536 % | £179,000 | £42,128 | £221,128 |
The Postcode Pricing Model uses changes in average sales price within the M15 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 | 100.799 % | £180,430 | £359,430 |
3 Month Average | -73.306 % | £-131,217 | £47,782 |
6 Month Average | -38.942 % | £-69,705 | £109,294 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Sep 2023 | £166,124 | £164,000 | APARTMENT 2 MERE HOUSE, 62 ELLESMERE STREET |
15 Sep 2023 | £220,823 | £218,000 | APARTMENT 42 MERE HOUSE, 62 ELLESMERE STREET |
31 Jul 2023 | £169,278 | £167,000 | APARTMENT 26 MERE HOUSE, 62 ELLESMERE STREET |
16 Jun 2023 | £183,219 | £181,000 | APARTMENT 16 LAKE HOUSE, 66 ELLESMERE STREET |
14 Apr 2023 | £146,578 | £145,000 | APARTMENT 13 MERE HOUSE, 62 ELLESMERE STREET |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 15 Dec 2009. Using an estimated price of £221,129 means this house is valued at £4,016 per sq meter (£373 per sq foot).
The average size of a house on ELLESMERE STREET is 64 sq meters (692 sq feet).