£182,144
This estimated value is based upon the latest sale price for the house of £160,000 on 7 May 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £160,000 | 7 May 2021 |
| £130,250 | 8 Jun 2018 |
| £108,950 | 13 Apr 2006 |
| £77,950 | 30 Jan 2004 |
| 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 May 2021 the House Price Index for GREATER MANCHESTER was 131.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.840%.Applying this 13.840% change to the original purchase price of £160,000 results in an estimated price of approximately £182,144.
| 7 May 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 149.7 | 13.840 % | £160,000 | £22,144 | £182,144 |
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 | 6.250 % | £10,000 | £170,000 |
| 3 Month Average | 24.766 % | £39,626 | £199,626 |
| 6 Month Average | 6.890 % | £11,023 | £171,023 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Apr 2024 | £143,244 | £142,000 | 64 REDDISH ROAD |
| 19 Dec 2023 | £190,865 | £185,000 | 13 HILDA GROVE |
| 25 Aug 2023 | £295,327 | £290,000 | 13 CLARE ROAD |
| 11 Aug 2023 | £234,224 | £230,000 | 22 HILDA GROVE |
| 10 Aug 2023 | £141,553 | £139,000 | 58 REDDISH ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 8 Jan 2018. Using an estimated price of £182,144 means this house is valued at £2,602 per sq meter (£241 per sq foot).
The average size of a house on NORWAY GROVE is 74 sq meters (798 sq feet).