£159,825
This estimated value is based upon the latest sale price for the house of £53,500 on 5 Apr 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £53,500 | 5 Apr 2002 |
| Semi-Detached |
| Leasehold |
| Floor Area: 72 sq meters or 775 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 April 2002 the House Price Index for GREATER MANCHESTER was 49.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 198.739%.Applying this 198.739% change to the original purchase price of £53,500 results in an estimated price of approximately £159,825.
| 5 Apr 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 148.6 | 198.739 % | £53,500 | £106,325 | £159,825 |
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 | 181.410 % | £97,054 | £150,554 |
| 3 Month Average | 249.194 % | £133,318 | £186,818 |
| 6 Month Average | 266.018 % | £142,319 | £195,819 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £167,938 | £165,000 | 8 CAVENDISH GARDENS |
| 10 Nov 2023 | £152,254 | £150,000 | 22 CAVENDISH GARDENS |
| 30 Jun 2023 | £172,084 | £170,000 | 74 ELLESMERE ROAD |
| 28 Nov 2022 | £247,008 | £250,000 | 21 MARS AVENUE |
| 26 Aug 2022 | £166,552 | £167,000 | 87 ELLESMERE ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 11 Oct 2015. Using an estimated price of £159,825 means this house is valued at £2,219 per sq meter (£206 per sq foot).
The average size of a house on SOLWAY CLOSE is 109 sq meters (1,175 sq feet).