£210,295
This estimated value is based upon the latest sale price for the house of £157,950 on 8 Aug 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £157,950 | 8 Aug 2016 |
| £135,000 | 31 Mar 2005 |
| £97,950 | 13 Aug 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 2016 the House Price Index for GREATER MANCHESTER was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £157,950 results in an estimated price of approximately £210,295.
| 8 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £157,950 | £52,345 | £210,295 |
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 | 34.493 % | £54,481 | £212,431 |
| 3 Month Average | 41.017 % | £64,786 | £222,736 |
| 6 Month Average | 57.782 % | £91,267 | £249,217 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £477,063 | £470,000 | 535 GORTON ROAD |
| 24 Feb 2023 | £209,859 | £210,000 | 571 GORTON ROAD |
| 27 Jan 2023 | £152,283 | £153,000 | 17 TINDALL STREET |
| 11 Feb 2022 | £182,473 | £174,000 | 7 THORNLEY LANE NORTH |
| 3 Dec 2021 | £146,243 | £136,500 | 4 THORNLEY LANE NORTH |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 1 Apr 2016. Using an estimated price of £210,296 means this house is valued at £2,190 per sq meter (£203 per sq foot).
The average size of a house on THORNLEY LANE NORTH is 86 sq meters (926 sq feet).