£151,274
This estimated value is based upon the latest sale price for the house of £115,500 on 10 Feb 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£115,500 | 10 Feb 2017 |
£85,000 | 24 Aug 2015 |
£99,000 | 27 Jan 2006 |
£45,000 | 21 Dec 2001 |
Terraced |
Freehold |
Floor Area: 69 sq meters or 742 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 February 2017 the House Price Index for GREATER MANCHESTER was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £115,500 results in an estimated price of approximately £151,274.
10 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.3 | 149.7 | 30.973 % | £115,500 | £35,774 | £151,274 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | 34.962 % | £40,381 | £155,881 |
3 Month Average | 67.474 % | £77,932 | £193,432 |
6 Month Average | 52.328 % | £60,438 | £175,938 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Mar 2024 | £178,746 | £176,000 | 236 GORTON ROAD |
9 Oct 2023 | £184,183 | £180,000 | 22 SOMERS ROAD |
19 Sep 2023 | £240,297 | £235,000 | 23 SOMERS ROAD |
31 Mar 2023 | £186,108 | £183,000 | 32 SOMERS ROAD |
25 Nov 2022 | £144,325 | £145,000 | 240 GORTON ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 22 Jun 2015. Using an estimated price of £151,274 means this house is valued at £2,192 per sq meter (£203 per sq foot).
The average size of a house on LEWIS ROAD is 76 sq meters (827 sq feet).