£163,634
This estimated value is based upon the latest sale price for the house of £122,000 on 5 Aug 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £122,000 | 5 Aug 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 59 sq meters or 635 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 2016 the House Price Index for GREATER MANCHESTER was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £122,000 results in an estimated price of approximately £163,634.
| 5 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.126 % | £122,000 | £41,634 | £163,634 |
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 | 30.059 % | £36,671 | £158,671 |
| 3 Month Average | 61.893 % | £75,509 | £197,509 |
| 6 Month Average | 61.080 % | £74,517 | £196,517 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Jun 2024 | £240,000 | £240,000 | 15 MAYFIELD GROVE |
| 8 Dec 2023 | £294,035 | £285,000 | 21 MAYFIELD GROVE |
| 13 Oct 2023 | £312,088 | £305,000 | 34 MAYFIELD GROVE |
| 14 Aug 2023 | £229,133 | £225,000 | 46 REDLAND AVENUE |
| 16 Jun 2023 | £260,215 | £255,000 | 54 MAYFIELD GROVE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 13 Apr 2016. Using an estimated price of £163,634 means this house is valued at £2,773 per sq meter (£257 per sq foot).
The average size of a house on REDLAND AVENUE is 64 sq meters (689 sq feet).