£91,891
This estimated value is based upon the latest sale price for the house of £72,500 on 8 Sep 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £72,500 | 8 Sep 2017 |
| £72,500 | 19 May 2017 |
| Terraced |
| Leasehold |
| Floor Area: 87 sq meters or 936 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 September 2017 the House Price Index for GREATER MANCHESTER was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £72,500 results in an estimated price of approximately £91,891.
| 8 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £72,500 | £19,391 | £91,891 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 21.452 % | £15,552 | £88,052 |
| 3 Month Average | 46.076 % | £33,404 | £105,904 |
| 6 Month Average | 43.377 % | £31,448 | £103,948 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £91,352 | £90,000 | 98 MORRIS GREEN LANE |
| 31 Aug 2023 | £116,015 | £115,000 | 51 ELLESMERE ROAD |
| 28 Apr 2023 | £111,197 | £110,000 | 119 MORRIS GREEN LANE |
| 6 Apr 2023 | £131,415 | £130,000 | 120 MORRIS GREEN LANE |
| 8 Apr 2022 | £82,899 | £80,500 | 103 MORRIS GREEN LANE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 13 Dec 2016. Using an estimated price of £91,891 means this house is valued at £1,056 per sq meter (£98 per sq foot).
The average size of a house on MORRIS GREEN LANE is 81 sq meters (882 sq feet).