£75,733
This estimated value is based upon the latest sale price for the house of £51,000 on 27 Mar 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£51,000 | 27 Mar 2015 |
£30,000 | 21 Jun 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 51 sq meters or 548 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 2015 the House Price Index for GREATER MANCHESTER was 100.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.498%.Applying this 48.498% change to the original purchase price of £51,000 results in an estimated price of approximately £75,733.
27 Mar 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
100.8 | 149.7 | 48.498 % | £51,000 | £24,733 | £75,733 |
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 | 23.173 % | £11,818 | £62,818 |
3 Month Average | 74.488 % | £37,988 | £88,988 |
6 Month Average | 48.836 % | £24,906 | £75,906 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Jul 2024 | £255,000 | £255,000 | 1 KILMORY DRIVE |
8 Mar 2024 | £198,043 | £195,000 | 210 SOMERTON ROAD |
30 Nov 2023 | £94,396 | £92,000 | 112 HATHERLEIGH WALK |
14 Sep 2023 | £230,072 | £225,000 | 169 BRODICK DRIVE |
11 Sep 2023 | £265,810 | £259,950 | 196 SOMERTON ROAD |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 12 Dec 2014. Using an estimated price of £75,734 means this house is valued at £1,484 per sq meter (£137 per sq foot).
The average size of a house on SOMERTON ROAD is 79 sq meters (860 sq feet).