£188,655
This estimated value is based upon the latest sale price for the house of £110,000 on 8 Feb 2012. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £110,000 | 8 Feb 2012 |
| Semi-Detached |
| Leasehold |
| 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 February 2012 the House Price Index for GREATER MANCHESTER was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.505%.Applying this 71.505% change to the original purchase price of £110,000 results in an estimated price of approximately £188,655.
| 8 Feb 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.505 % | £110,000 | £78,655 | £188,655 |
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 | 87.370 % | £96,106 | £206,106 |
| 3 Month Average | 79.209 % | £87,130 | £197,130 |
| 6 Month Average | 89.353 % | £98,288 | £208,288 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £290,075 | £285,000 | 21 MAYFIELD GROVE |
| 14 Aug 2023 | £226,986 | £225,000 | 46 REDLAND AVENUE |
| 16 Jun 2023 | £258,127 | £255,000 | 54 MAYFIELD GROVE |
| 9 Jun 2023 | £202,452 | £200,000 | 5 REDLAND AVENUE |
| 3 Mar 2023 | £474,470 | £470,000 | 36A MAYFIELD GROVE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 22 Feb 2011. Using an estimated price of £188,655 means this house is valued at £3,197 per sq meter (£297 per sq foot).
The average size of a house on REDLAND AVENUE is 64 sq meters (689 sq feet).