£526,042
This estimated value is based upon the latest sale price for the house of £396,000 on 7 Sep 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £396,000 | 7 Sep 2016 |
| £164,950 | 1 Sep 1999 |
| Terraced |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 2016 the House Price Index for GREATER MANCHESTER was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £396,000 results in an estimated price of approximately £526,042.
| 7 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £396,000 | £130,042 | £526,042 |
The Postcode Pricing Model uses changes in average sales price within the SK4 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 | -14.401 % | £-57,026 | £338,973 |
| 3 Month Average | 16.567 % | £65,606 | £461,606 |
| 6 Month Average | 28.874 % | £114,341 | £510,341 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £499,708 | £495,000 | 9 WHITELOW ROAD |
| 13 Mar 2023 | £287,711 | £285,000 | 5 THORNFIELD COURT HEATON CLOSE |
| 9 Mar 2023 | £277,615 | £275,000 | 9 THORNFIELD COURT HEATON CLOSE |
| 7 Oct 2022 | £714,804 | £722,500 | 18 KINGS DRIVE |
| 29 Apr 2022 | £566,390 | £550,000 | 10 HEATON CLOSE |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 1 Jun 2016. Using an estimated price of £526,043 means this house is valued at £4,962 per sq meter (£461 per sq foot).
The average size of a house on BALMORAL ROAD is 92 sq meters (991 sq feet).