£297,459
This estimated value is based upon the latest sale price for the house of £239,950 on 29 Aug 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £239,950 | 29 Aug 2019 |
| £147,950 | 2 May 2003 |
| £76,500 | 27 Nov 1998 |
| £68,000 | 13 Sep 1996 |
| Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 2019 the House Price Index for GREATER MANCHESTER was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £239,950 results in an estimated price of approximately £297,459.
| 29 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £239,950 | £57,509 | £297,459 |
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 | 12.188 % | £29,245 | £269,195 |
| 3 Month Average | 26.730 % | £64,138 | £304,088 |
| 6 Month Average | 25.270 % | £60,635 | £300,585 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jun 2023 | £336,748 | £330,000 | 1 DOWNFIELDS |
| 9 Sep 2022 | £139,907 | £140,000 | 23 WEST MEADOW |
| 22 Jul 2022 | £121,215 | £120,000 | 22 WEST MEADOW |
| 17 Mar 2022 | £104,393 | £100,000 | 41 FIELD VALE DRIVE |
| 10 Jan 2022 | £305,337 | £288,000 | 6 DOWNFIELDS |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 21 Jan 2014. Using an estimated price of £297,460 means this house is valued at £3,066 per sq meter (£284 per sq foot).
The average size of a house on NEW LAWNS is 117 sq meters (1,268 sq feet).