£296,799
This estimated value is based upon the latest sale price for the house of £240,000 on 6 Apr 2020. 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 |
|---|---|
| £240,000 | 6 Apr 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 April 2020 the House Price Index for GREATER MANCHESTER was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.667%.Applying this 23.667% change to the original purchase price of £240,000 results in an estimated price of approximately £296,799.
| 6 Apr 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.667 % | £240,000 | £56,799 | £296,799 |
The Postcode Pricing Model uses changes in average sales price within the M20 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 | 61.884 % | £148,522 | £388,522 |
| 3 Month Average | 29.510 % | £70,823 | £310,823 |
| 6 Month Average | 5.758 % | £13,818 | £253,818 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2022 | £547,440 | £550,000 | 350 PARRS WOOD ROAD |
| 20 Jun 2022 | £447,056 | £437,500 | 139 SCHOOL LANE |
| 11 Mar 2022 | £449,935 | £431,000 | 14 SADDLEWOOD AVENUE |
| 31 Jan 2022 | £524,798 | £495,000 | 171 SCHOOL LANE |
| 12 Aug 2021 | £224,775 | £200,000 | FLAT 2 137 SCHOOL LANE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 14 Oct 2019. Using an estimated price of £296,800 means this house is valued at £3,710 per sq meter (£344 per sq foot).
The average size of a house on SCHOOL LANE is 77 sq meters (838 sq feet).