£181,316
This estimated value is based upon the latest sale price for the house of £84,950 on 6 Feb 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£84,950 | 6 Feb 2004 |
Terraced |
Freehold |
Floor Area: 99 sq meters or 1,065 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 2004 the House Price Index for GREATER MANCHESTER was 70.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 113.439%.Applying this 113.439% change to the original purchase price of £84,950 results in an estimated price of approximately £181,316.
6 Feb 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
70.1 | 149.7 | 113.439 % | £84,950 | £96,366 | £181,316 |
The Postcode Pricing Model uses changes in average sales price within the M40 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 | 294.132 % | £249,865 | £334,815 |
3 Month Average | 311.425 % | £264,555 | £349,505 |
6 Month Average | 338.028 % | £287,154 | £372,104 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Mar 2024 | £162,497 | £160,000 | 308 DROYLSDEN ROAD |
8 Aug 2023 | £240,335 | £236,000 | 12 SPARTH ROAD |
31 Mar 2023 | £111,868 | £110,000 | 12 GRAVER LANE |
24 Feb 2023 | £177,184 | £176,000 | 14 MARGUERITA ROAD |
20 Jan 2023 | £340,911 | £340,000 | 20 SPARTH ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 29 Mar 2016. Using an estimated price of £181,317 means this house is valued at £1,831 per sq meter (£170 per sq foot).
The average size of a house on DROYLSDEN ROAD is 110 sq meters (1,194 sq feet).