£178,073
This estimated value is based upon the latest sale price for the house of £113,500 on 1 Aug 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £113,500 | 1 Aug 2007 |
| £34,000 | 4 Dec 2000 |
| £28,000 | 30 Nov 1995 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 August 2007 the House Price Index for GREATER MANCHESTER was 94.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.893%.Applying this 56.893% change to the original purchase price of £113,500 results in an estimated price of approximately £178,073.
| 1 Aug 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.7 | 148.6 | 56.893 % | £113,500 | £64,573 | £178,073 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | 36.520 % | £41,450 | £154,950 |
| 3 Month Average | 40.325 % | £45,768 | £159,268 |
| 6 Month Average | 53.861 % | £61,131 | £174,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £188,295 | £185,000 | 13 HILDA GROVE |
| 25 Aug 2023 | £292,559 | £290,000 | 13 CLARE ROAD |
| 11 Aug 2023 | £232,030 | £230,000 | 22 HILDA GROVE |
| 10 Aug 2023 | £140,227 | £139,000 | 58 REDDISH ROAD |
| 21 Jun 2023 | £197,391 | £195,000 | 14 CLARE ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 8 Feb 2013. Using an estimated price of £178,074 means this house is valued at £2,826 per sq meter (£262 per sq foot).
The average size of a house on NORWAY GROVE is 74 sq meters (798 sq feet).