£44,901
This estimated value is based upon the latest sale price for the house of £13,239 on 26 Jun 2001. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£13,239 | 26 Jun 2001 |
£12,960 | 23 Jul 1998 |
Terraced |
Freehold |
Floor Area: 86 sq meters or 925 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 June 2001 the House Price Index for GREATER MANCHESTER was 43.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 239.164%.Applying this 239.164% change to the original purchase price of £13,239 results in an estimated price of approximately £44,901.
26 Jun 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
43.8 | 148.6 | 239.164 % | £13,239 | £31,662 | £44,901 |
The Postcode Pricing Model uses changes in average sales price within the BL2 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 | 183.386 % | £24,278 | £37,517 |
3 Month Average | 240.521 % | £31,842 | £45,081 |
6 Month Average | 277.303 % | £36,712 | £49,951 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Aug 2023 | £80,706 | £80,000 | 505 RADCLIFFE ROAD |
30 Aug 2023 | £139,218 | £138,000 | 173 LONG LANE |
30 Aug 2023 | £139,218 | £138,000 | 21 BEECHCROFT AVENUE |
24 Jul 2023 | £83,626 | £82,500 | 18 BEECHCROFT AVENUE |
28 Apr 2023 | £140,007 | £138,500 | 49 REDCEDAR PARK |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 8 Oct 2015. Using an estimated price of £44,902 means this house is valued at £522 per sq meter (£48 per sq foot).
The average size of a house on LONG LANE is 83 sq meters (898 sq feet).