£92,230
This estimated value is based upon the latest sale price for the house of £70,000 on 25 Nov 2016. 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 | 25 Nov 2016 |
Terraced |
Leasehold |
Floor Area: 86 sq meters or 925 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 November 2016 the House Price Index for GREATER MANCHESTER was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £70,000 results in an estimated price of approximately £92,230.
25 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.8 | 148.6 | 31.758 % | £70,000 | £22,230 | £92,230 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 28.211 % | £19,747 | £89,747 |
3 Month Average | 43.603 % | £30,521 | £100,521 |
6 Month Average | 43.220 % | £30,254 | £100,254 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £116,728 | £115,000 | 317 WILLOWS LANE |
13 Mar 2023 | £94,894 | £94,000 | 8 LENORA STREET |
6 Jan 2023 | £69,672 | £70,000 | 323 WILLOWS LANE |
3 Feb 2022 | £114,308 | £109,000 | 315 WILLOWS LANE |
30 Nov 2021 | £102,744 | £95,000 | 14 LENORA STREET |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 13 Jan 2015. Using an estimated price of £92,230 means this house is valued at £1,072 per sq meter (£99 per sq foot).
The average size of a house on PENGWERN AVENUE is 111 sq meters (1,205 sq feet).