£129,392
This estimated value is based upon the latest sale price for the house of £105,000 on 19 Oct 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £105,000 | 19 Oct 2018 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 October 2018 the House Price Index for GREATER MANCHESTER was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £105,000 results in an estimated price of approximately £129,392.
| 19 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £105,000 | £24,392 | £129,392 |
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 | 20.211 % | £21,222 | £126,222 |
| 3 Month Average | 15.416 % | £16,186 | £121,186 |
| 6 Month Average | 23.944 % | £25,140 | £130,140 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £167,137 | £165,000 | 7 AINSDALE GROVE |
| 29 Sep 2023 | £194,487 | £192,000 | 114 GORTON ROAD |
| 24 Mar 2023 | £191,807 | £190,000 | 2 MELBOURNE STREET |
| 3 Mar 2023 | £232,188 | £230,000 | 121 GORTON ROAD |
| 7 Sep 2022 | £214,270 | £216,000 | 25 MELBOURNE STREET |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 18 Sep 2018. Using an estimated price of £129,392 means this house is valued at £1,617 per sq meter (£150 per sq foot).
The average size of a house on GORTON ROAD is 84 sq meters (911 sq feet).