£89,242
This estimated value is based upon the latest sale price for the house of £70,000 on 26 Jul 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£70,000 | 26 Jul 2017 |
£64,000 | 28 Feb 1995 |
Semi-Detached |
Freehold |
Floor Area: 144 sq meters or 1,550 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 2017 the House Price Index for GREATER MANCHESTER was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £70,000 results in an estimated price of approximately £89,242.
26 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.6 | 148.6 | 27.489 % | £70,000 | £19,242 | £89,242 |
The Postcode Pricing Model uses changes in average sales price within the BL8 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 | 31.532 % | £22,072 | £92,072 |
3 Month Average | 14.807 % | £10,364 | £80,364 |
6 Month Average | 28.228 % | £19,759 | £89,759 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £330,788 | £325,000 | 388 TOTTINGTON ROAD |
24 Feb 2023 | £259,825 | £260,000 | 34 PICKERING CLOSE |
31 Jan 2023 | £146,311 | £147,000 | 2 WASH TERRACE |
16 Jan 2023 | £104,508 | £105,000 | 513 TOTTINGTON ROAD |
15 Aug 2022 | £194,477 | £195,000 | 459 TOTTINGTON ROAD |
This house has a floor area of 144 sq meters or 1,550 sq feet when measured on 20 Jun 2017. Using an estimated price of £89,242 means this house is valued at £619 per sq meter (£57 per sq foot).
The average size of a house on WASH TERRACE is 128 sq meters (1,381 sq feet).
This house is the largest in the street with a floor area of 144 sq meters (1,550 sq feet).