£116,569
This estimated value is based upon the latest sale price for the house of £114,000 on 12 Sep 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £114,000 | 12 Sep 2023 |
| £80,000 | 10 May 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 September 2023 the House Price Index for GREATER MANCHESTER was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £114,000 results in an estimated price of approximately £116,569.
| 12 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £114,000 | £2,569 | £116,569 |
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 | -35.115 % | £-40,030 | £73,969 |
| 3 Month Average | 3.316 % | £3,780 | £117,780 |
| 6 Month Average | -6.683 % | £-7,618 | £106,381 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £299,194 | £290,000 | 70 GREG STREET |
| 12 Sep 2023 | £116,570 | £114,000 | 11 HASTON CLOSE |
| 5 Sep 2023 | £276,086 | £270,000 | 26 GREG STREET |
| 4 Aug 2023 | £190,944 | £187,500 | 97 MORGAN PLACE |
| 5 Apr 2023 | £183,431 | £180,000 | 25 CABOT PLACE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 7 Aug 2018. Using an estimated price of £116,570 means this house is valued at £2,119 per sq meter (£196 per sq foot).