£157,360
This estimated value is based upon the latest sale price for the house of £116,500 on 24 Mar 2016. 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 |
|---|---|
| £116,500 | 24 Mar 2016 |
| £68,950 | 20 Sep 2002 |
| Terraced |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 2016 the House Price Index for GREATER MANCHESTER was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £116,500 results in an estimated price of approximately £157,360.
| 24 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £116,500 | £40,860 | £157,360 |
The Postcode Pricing Model uses changes in average sales price within the M14 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 | 8.492 % | £9,892 | £126,392 |
| 3 Month Average | 21.781 % | £25,375 | £141,875 |
| 6 Month Average | 52.561 % | £61,233 | £177,733 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £142,826 | £141,000 | 5 STANLEY AVENUE |
| 9 Jun 2023 | £187,268 | £185,000 | 25 STANLEY AVENUE |
| 31 Mar 2023 | £504,755 | £500,000 | 3 MOON GROVE |
| 31 Mar 2023 | £252,378 | £250,000 | 6 WALLACE AVENUE |
| 14 Mar 2023 | £131,236 | £130,000 | 27 STANLEY AVENUE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 17 Jun 2019. Using an estimated price of £157,361 means this house is valued at £1,300 per sq meter (£120 per sq foot).
The average size of a house on WALLACE AVENUE is 113 sq meters (1,220 sq feet).