£293,507
This estimated value is based upon the latest sale price for the house of £215,000 on 15 Feb 2016. 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 |
|---|---|
| £215,000 | 15 Feb 2016 |
| £142,500 | 19 Dec 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 February 2016 the House Price Index for GREATER MANCHESTER was 108.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 36.515%.Applying this 36.515% change to the original purchase price of £215,000 results in an estimated price of approximately £293,507.
| 15 Feb 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 148.6 | 36.515 % | £215,000 | £78,507 | £293,507 |
The Postcode Pricing Model uses changes in average sales price within the M20 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 | 15.577 % | £33,490 | £248,490 |
| 3 Month Average | 32.245 % | £69,326 | £284,326 |
| 6 Month Average | 41.432 % | £89,079 | £304,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £183,205 | £180,000 | FLAT 12 BARFIELD HOUSE, 3 SPATH ROAD |
| 3 Nov 2023 | £187,780 | £185,000 | FLAT 16 BARFIELD HOUSE, 3 SPATH ROAD |
| 9 Aug 2023 | £237,074 | £235,000 | FLAT 11 TALL TREES, 8 MERSEY ROAD |
| 23 Jun 2023 | £278,372 | £275,000 | FLAT 25 RAVENSWOOD, 1 SPATH ROAD |
| 7 Nov 2022 | £281,589 | £285,000 | 7 SPATH HOUSE, 4 SPATH ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 19 May 2021. Using an estimated price of £293,508 means this house is valued at £4,133 per sq meter (£384 per sq foot).
The average size of a house on SPATH ROAD is 103 sq meters (1,112 sq feet).