£123,295
This estimated value is based upon the latest sale price for the house of £67,000 on 7 Sep 2005. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£67,000 | 7 Sep 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 58 sq meters or 624 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 September 2005 the House Price Index for GREATER MANCHESTER was 81.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 84.023%.Applying this 84.023% change to the original purchase price of £67,000 results in an estimated price of approximately £123,295.
7 Sep 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
81.3 | 149.7 | 84.023 % | £67,000 | £56,295 | £123,295 |
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 | 65.013 % | £43,558 | £110,558 |
3 Month Average | 96.884 % | £64,912 | £131,912 |
6 Month Average | 83.711 % | £56,086 | £123,086 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Apr 2024 | £124,077 | £123,000 | 7 BOLTON STREET |
24 Nov 2023 | £246,764 | £240,500 | 82 GORTON ROAD |
9 Oct 2023 | £859,521 | £840,000 | 23 BOLTON STREET |
28 Sep 2023 | £162,584 | £159,000 | 410 REDDISH ROAD |
2 Jun 2023 | £173,476 | £170,000 | 14 MOSTON STREET |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 10 May 2013. Using an estimated price of £123,295 means this house is valued at £2,125 per sq meter (£197 per sq foot).
The average size of a house on GORTON ROAD is 84 sq meters (911 sq feet).