£226,596
This estimated value is based upon the latest sale price for the house of £130,750 on 29 Mar 2011. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£130,750 | 29 Mar 2011 |
£46,000 | 11 Jun 1999 |
Semi-Detached |
Leasehold |
Floor Area: 84 sq meters or 907 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 March 2011 the House Price Index for GREATER MANCHESTER was 86.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.305%.Applying this 73.305% change to the original purchase price of £130,750 results in an estimated price of approximately £226,596.
29 Mar 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.4 | 149.7 | 73.305 % | £130,750 | £95,846 | £226,596 |
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 | 48.784 % | £63,784 | £194,534 |
3 Month Average | 97.256 % | £127,161 | £257,911 |
6 Month Average | 73.248 % | £95,771 | £226,521 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £180,270 | £177,500 | 45 FALKLAND ROAD |
15 Dec 2023 | £127,931 | £124,000 | 1056 BURY ROAD |
28 Nov 2022 | £230,920 | £232,000 | 3 MENDIP CLOSE |
22 Jul 2022 | £227,277 | £225,000 | 19 HONITON DRIVE |
28 Mar 2022 | £167,029 | £160,000 | 41 FALKLAND ROAD |
This house has a floor area of 84 sq meters or 907 sq feet when measured on 1 Sep 2010. Using an estimated price of £226,597 means this house is valued at £2,687 per sq meter (£249 per sq foot).
The average size of a house on SOMERTON ROAD is 79 sq meters (860 sq feet).