£218,662
This estimated value is based upon the latest sale price for the house of £77,500 on 26 Jul 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£77,500 | 26 Jul 2002 |
Semi-Detached |
Leasehold |
Floor Area: 73 sq meters or 785 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 July 2002 the House Price Index for GREATER MANCHESTER was 53.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 182.145%.Applying this 182.145% change to the original purchase price of £77,500 results in an estimated price of approximately £218,662.
26 Jul 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
53.1 | 149.7 | 182.145 % | £77,500 | £141,162 | £218,662 |
The Postcode Pricing Model uses changes in average sales price within the BL2 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 | 155.468 % | £120,487 | £197,987 |
3 Month Average | 259.180 % | £200,864 | £278,364 |
6 Month Average | 234.835 % | £181,997 | £259,497 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £198,043 | £195,000 | 210 SOMERTON ROAD |
17 Nov 2023 | £234,451 | £228,500 | 6 HARPFORD DRIVE |
27 Oct 2023 | £230,229 | £225,000 | 174 SOMERTON ROAD |
14 Sep 2023 | £189,170 | £185,000 | 15 SOUTHLEIGH DRIVE |
24 Aug 2022 | £221,034 | £220,000 | 14 ASHCOMBE DRIVE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 17 Dec 2013. Using an estimated price of £218,663 means this house is valued at £2,995 per sq meter (£278 per sq foot).
The average size of a house on SOMERTON ROAD is 79 sq meters (860 sq feet).