£122,694
This estimated value is based upon the latest sale price for the house of £88,000 on 10 Dec 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
Price Paid | Date |
---|---|
£88,000 | 10 Dec 2015 |
£62,995 | 23 Mar 2003 |
Semi-Detached |
Leasehold |
Floor Area: 77 sq meters or 828 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 December 2015 the House Price Index for GREATER MANCHESTER was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £88,000 results in an estimated price of approximately £122,694.
10 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
107.4 | 149.7 | 39.426 % | £88,000 | £34,694 | £122,694 |
The Postcode Pricing Model uses changes in average sales price within the M8 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 | 34.274 % | £30,160 | £118,160 |
3 Month Average | 71.569 % | £62,980 | £150,980 |
6 Month Average | 86.841 % | £76,419 | £164,419 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Nov 2023 | £235,990 | £230,000 | 8 BLOOMFIELD DRIVE |
4 Sep 2023 | £511,271 | £500,000 | 130 FAIRY LANE |
28 Feb 2023 | £176,177 | £175,000 | 19 JAMESON CLOSE |
25 Nov 2022 | £139,348 | £140,000 | 3 STONEFIELD DRIVE |
25 Nov 2022 | £139,348 | £140,000 | 21 STONEFIELD DRIVE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 19 Feb 2019. Using an estimated price of £122,695 means this house is valued at £1,593 per sq meter (£148 per sq foot).
The average size of a house on RHINE DRIVE is 80 sq meters (871 sq feet).