£177,360
This estimated value is based upon the latest sale price for the house of £142,500 on 14 Jun 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £142,500 | 14 Jun 2019 |
| £115,500 | 20 Mar 2015 |
| Terraced |
| Leasehold |
| Floor Area: 68 sq meters or 740 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 June 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £142,500 results in an estimated price of approximately £177,360.
| 14 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.463 % | £142,500 | £34,860 | £177,360 |
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 | 8.992 % | £12,813 | £155,313 |
| 3 Month Average | 39.564 % | £56,379 | £198,879 |
| 6 Month Average | 27.677 % | £39,440 | £181,940 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £154,755 | £150,000 | 74 SOMERFORD ROAD |
| 3 Nov 2023 | £248,303 | £242,000 | 101 SOMERFORD ROAD |
| 20 Oct 2023 | £276,275 | £270,000 | 195 THORNLEY LANE SOUTH |
| 7 Jun 2023 | £120,413 | £118,000 | 181 THORNLEY LANE SOUTH |
| 13 Jan 2023 | £300,804 | £300,000 | 53 WINDMILL LANE |
This house has a floor area of 68 sq meters or 740 sq feet when measured on 25 Mar 2010. Using an estimated price of £177,360 means this house is valued at £2,579 per sq meter (£239 per sq foot).
The average size of a house on SOMERFORD ROAD is 72 sq meters (778 sq feet).