£231,521
This estimated value is based upon the latest sale price for the house of £135,000 on 12 Nov 2010. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £135,000 | 12 Nov 2010 |
| £130,000 | 29 Sep 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 958 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 November 2010 the House Price Index for GREATER MANCHESTER was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.497%.Applying this 71.497% change to the original purchase price of £135,000 results in an estimated price of approximately £231,521.
| 12 Nov 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.497 % | £135,000 | £96,521 | £231,521 |
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 | 71.331 % | £96,297 | £231,297 |
| 3 Month Average | 76.688 % | £103,528 | £238,528 |
| 6 Month Average | 86.563 % | £116,860 | £251,860 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2023 | £195,633 | £193,000 | 58 NEWARK ROAD |
| 28 Jun 2023 | £184,232 | £182,000 | 17 BASLOW GROVE |
| 6 Apr 2023 | £235,283 | £232,750 | 6 BASLOW GROVE |
| 7 Mar 2023 | £264,997 | £262,500 | 42 FAIRFORD WAY |
| 22 Aug 2022 | £266,283 | £267,000 | 22 FAIRFORD WAY |
This house has a floor area of 89 sq meters or 958 sq feet when measured on 22 May 2010. Using an estimated price of £231,521 means this house is valued at £2,599 per sq meter (£241 per sq foot).
The average size of a house on FAIRFORD CLOSE is 102 sq meters (1,105 sq feet).
This house is the largest in the street with a floor area of 89 sq meters (958 sq feet).