£199,723
This estimated value is based upon the latest sale price for the house of £161,500 on 16 Apr 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £161,500 | 16 Apr 2019 |
| £115,000 | 25 Nov 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 April 2019 the House Price Index for GREATER MANCHESTER was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.668%.Applying this 23.668% change to the original purchase price of £161,500 results in an estimated price of approximately £199,723.
| 16 Apr 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.668 % | £161,500 | £38,223 | £199,723 |
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 | 10.495 % | £16,948 | £178,448 |
| 3 Month Average | 7.705 % | £12,443 | £173,943 |
| 6 Month Average | 22.780 % | £36,789 | £198,289 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2023 | £177,267 | £175,000 | 5 PENRITH AVENUE |
| 13 Jul 2023 | £223,001 | £220,000 | 86 NASEBY ROAD |
| 20 Jun 2023 | £153,864 | £152,000 | 227 GORTON ROAD |
| 10 Mar 2023 | £170,607 | £169,000 | 229 GORTON ROAD |
| 3 Mar 2023 | £403,804 | £400,000 | METHODIST & UNITED REFORMED CHRIST CHURCH GORTON ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 12 Sep 2014. Using an estimated price of £199,724 means this house is valued at £2,813 per sq meter (£261 per sq foot).
There is one other house on the street which we know the size of, this is 1 GAINFORD ROAD it is 60.0