£172,669
This estimated value is based upon the latest sale price for the house of £65,000 on 7 Oct 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £65,000 | 7 Oct 2002 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 October 2002 the House Price Index for GREATER MANCHESTER was 56.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 165.645%.Applying this 165.645% change to the original purchase price of £65,000 results in an estimated price of approximately £172,669.
| 7 Oct 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 56.4 | 149.7 | 165.645 % | £65,000 | £107,669 | £172,669 |
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 | 201.002 % | £130,651 | £195,651 |
| 3 Month Average | 246.291 % | £160,089 | £225,089 |
| 6 Month Average | 230.306 % | £149,698 | £214,698 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £154,755 | £150,000 | 74 SOMERFORD ROAD |
| 17 Nov 2023 | £200,079 | £195,000 | 23 BELVEDERE AVENUE |
| 3 Nov 2023 | £248,303 | £242,000 | 101 SOMERFORD ROAD |
| 6 Sep 2023 | £191,215 | £187,000 | 24 BELVEDERE AVENUE |
| 16 Jun 2023 | £185,722 | £182,000 | 34 BELVEDERE AVENUE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 24 Jul 2014. Using an estimated price of £172,669 means this house is valued at £2,242 per sq meter (£208 per sq foot).
There is one other house on the street which we know the size of, this is 7 NEWHALL ROAD it is 62.0