£218,224
This estimated value is based upon the latest sale price for the house of £89,950 on 20 Mar 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£89,950 | 20 Mar 2003 |
£44,500 | 17 Dec 1999 |
Terraced |
Freehold |
Floor Area: 84 sq meters or 904 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 March 2003 the House Price Index for GREATER MANCHESTER was 61.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 142.606%.Applying this 142.606% change to the original purchase price of £89,950 results in an estimated price of approximately £218,224.
20 Mar 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
61.3 | 148.6 | 142.606 % | £89,950 | £128,274 | £218,224 |
The Postcode Pricing Model uses changes in average sales price within the SK2 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 | 285.273 % | £256,602 | £346,552 |
3 Month Average | 179.843 % | £161,768 | £251,718 |
6 Month Average | 179.939 % | £161,855 | £251,805 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Nov 2023 | £207,066 | £204,000 | 58 LAKE STREET |
1 Sep 2023 | £197,526 | £195,000 | 64 LAKE STREET |
22 Aug 2023 | £282,471 | £280,000 | 18 DYSART STREET |
11 Aug 2023 | £196,721 | £195,000 | 48 LAKE STREET |
24 Feb 2023 | £172,384 | £172,500 | 23 ALLDIS STREET |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 20 Jul 2020. Using an estimated price of £218,224 means this house is valued at £2,597 per sq meter (£241 per sq foot).
The average size of a house on LAKE STREET is 78 sq meters (848 sq feet).