£147,021
This estimated value is based upon the latest sale price for the house of £60,000 on 7 Feb 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £60,000 | 7 Feb 2003 |
| Terraced |
| Freehold |
| Floor Area: 153 sq meters or 1,646 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 2003 the House Price Index for GREATER MANCHESTER was 60.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 145.035%.Applying this 145.035% change to the original purchase price of £60,000 results in an estimated price of approximately £147,021.
| 7 Feb 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.6 | 148.6 | 145.035 % | £60,000 | £87,021 | £147,021 |
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 | 189.796 % | £113,877 | £173,877 |
| 3 Month Average | 195.644 % | £117,386 | £177,386 |
| 6 Month Average | 213.656 % | £128,193 | £188,193 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £182,197 | £179,500 | 84 WINDMILL LANE |
| 3 Nov 2023 | £245,637 | £242,000 | 101 SOMERFORD ROAD |
| 7 Jun 2023 | £119,447 | £118,000 | 181 THORNLEY LANE SOUTH |
| 19 Aug 2022 | £142,117 | £142,500 | 74 WINDMILL LANE |
| 18 Aug 2022 | £139,624 | £140,000 | 24 WARBECK CLOSE |
This house has a floor area of 153 sq meters or 1,646 sq feet when measured on 15 Jul 2015. Using an estimated price of £147,021 means this house is valued at £960 per sq meter (£89 per sq foot).
The average size of a house on THORNLEY LANE SOUTH is 82 sq meters (885 sq feet).