£202,124
This estimated value is based upon the latest sale price for the house of £112,000 on 17 Aug 2009. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £112,000 | 17 Aug 2009 |
| £88,000 | 8 Aug 2008 |
| £47,000 | 22 Feb 2002 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 August 2009 the House Price Index for GREATER MANCHESTER was 82.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 80.468%.Applying this 80.468% change to the original purchase price of £112,000 results in an estimated price of approximately £202,124.
| 17 Aug 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.3 | 148.6 | 80.468 % | £112,000 | £90,124 | £202,124 |
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 | 80.067 % | £89,675 | £201,675 |
| 3 Month Average | 83.725 % | £93,772 | £205,772 |
| 6 Month Average | 94.736 % | £106,104 | £218,104 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £188,295 | £185,000 | 13 HILDA GROVE |
| 11 Aug 2023 | £232,030 | £230,000 | 22 HILDA GROVE |
| 10 Aug 2023 | £140,227 | £139,000 | 58 REDDISH ROAD |
| 28 Apr 2023 | £136,975 | £135,500 | 62 REDDISH ROAD |
| 28 Apr 2023 | £212,286 | £210,000 | 68 HILDA GROVE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 28 Mar 2014. Using an estimated price of £202,125 means this house is valued at £2,887 per sq meter (£268 per sq foot).
The average size of a house on MELTON STREET is 66 sq meters (720 sq feet).