£216,475
This estimated value is based upon the latest sale price for the house of £115,000 on 24 Nov 2004. 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 |
|---|---|
| £115,000 | 24 Nov 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 41 sq meters or 441 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 November 2004 the House Price Index for GREATER MANCHESTER was 78.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.239%.Applying this 88.239% change to the original purchase price of £115,000 results in an estimated price of approximately £216,475.
| 24 Nov 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.9 | 148.6 | 88.239 % | £115,000 | £101,475 | £216,475 |
The Postcode Pricing Model uses changes in average sales price within the M16 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 | 56.027 % | £64,431 | £179,431 |
| 3 Month Average | 80.912 % | £93,048 | £208,048 |
| 6 Month Average | 88.120 % | £101,337 | £216,337 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jan 2023 | £124,414 | £125,000 | FLAT 27 MILLENNIUM HOUSE, 366 CHESTER ROAD |
| 15 Jul 2022 | £320,864 | £320,000 | 346 CHESTER ROAD |
| 9 Jun 2022 | £228,225 | £225,000 | FLAT 17 384 CHESTER ROAD |
| 6 Apr 2022 | £142,112 | £138,000 | FLAT 18 384 CHESTER ROAD |
| 25 Feb 2022 | £131,087 | £125,000 | FLAT 20 MILLENNIUM HOUSE, 366 CHESTER ROAD |
This house has a floor area of 41 sq meters or 441 sq feet when measured on 2 Feb 2019. Using an estimated price of £216,475 means this house is valued at £5,279 per sq meter (£490 per sq foot).
The average size of a house on CHESTER ROAD is 73 sq meters (790 sq feet).