£530,110
This estimated value is based upon the latest sale price for the house of £425,000 on 4 May 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£425,000 | 4 May 2018 |
Detached |
Leasehold |
Floor Area: 148 sq meters or 1,593 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 May 2018 the House Price Index for GREATER MANCHESTER was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £425,000 results in an estimated price of approximately £530,110.
4 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.1 | 148.6 | 24.732 % | £425,000 | £105,110 | £530,110 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | 1.808 % | £7,683 | £432,683 |
3 Month Average | 26.872 % | £114,206 | £539,206 |
6 Month Average | 29.829 % | £126,772 | £551,772 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Nov 2022 | £98,803 | £100,000 | 1 THORNBECK DRIVE |
1 Apr 2022 | £350,132 | £340,000 | 150 MARKLAND HILL LANE |
7 Mar 2022 | £334,195 | £322,500 | 20 LINGMOOR ROAD |
21 Jan 2022 | £384,129 | £365,000 | 18 KINGWOOD AVENUE |
17 Dec 2021 | £455,335 | £425,000 | 11 LINGMOOR ROAD |
This house has a floor area of 148 sq meters or 1,593 sq feet when measured on 19 Jan 2017. Using an estimated price of £530,111 means this house is valued at £3,581 per sq meter (£332 per sq foot).
The average size of a house on MARKLAND HILL LANE is 111 sq meters (1,200 sq feet).