£280,088
This estimated value is based upon the latest sale price for the house of £138,995 on 7 May 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£138,995 | 7 May 2004 |
Terraced |
Leasehold |
Floor Area: 91 sq meters or 979 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 2004 the House Price Index for GREATER MANCHESTER was 73.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 101.510%.Applying this 101.510% change to the original purchase price of £138,995 results in an estimated price of approximately £280,088.
7 May 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
73.7 | 148.6 | 101.510 % | £138,995 | £141,093 | £280,088 |
The Postcode Pricing Model uses changes in average sales price within the BL9 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 | 189.978 % | £264,059 | £403,054 |
3 Month Average | 126.121 % | £175,301 | £314,296 |
6 Month Average | 123.616 % | £171,820 | £310,815 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Apr 2022 | £267,748 | £260,000 | 226 GIGG LANE |
6 Dec 2021 | £171,420 | £160,000 | 218 ALFRED STREET |
18 Nov 2021 | £112,477 | £104,000 | 101 RUTLAND DRIVE |
26 Feb 2020 | £146,819 | £120,000 | 10 CHERRY CLOSE |
23 Oct 2019 | £145,013 | £118,250 | 152 GIGG LANE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 4 Oct 2017. Using an estimated price of £280,089 means this house is valued at £3,077 per sq meter (£285 per sq foot).
The average size of a house on GIGG LANE is 87 sq meters (943 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Redmere Drive |