£487,404
This estimated value is based upon the latest sale price for the house of £350,000 on 13 Nov 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £350,000 | 13 Nov 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 November 2015 the House Price Index for GREATER MANCHESTER was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £350,000 results in an estimated price of approximately £487,404.
| 13 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £350,000 | £137,404 | £487,404 |
The Postcode Pricing Model uses changes in average sales price within the SK4 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 | -30.589 % | £-107,060 | £242,939 |
| 3 Month Average | 28.890 % | £101,116 | £451,116 |
| 6 Month Average | 40.947 % | £143,313 | £493,313 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £499,708 | £495,000 | 9 WHITELOW ROAD |
| 13 Mar 2023 | £287,711 | £285,000 | 5 THORNFIELD COURT HEATON CLOSE |
| 9 Mar 2023 | £277,615 | £275,000 | 9 THORNFIELD COURT HEATON CLOSE |
| 7 Oct 2022 | £714,804 | £722,500 | 18 KINGS DRIVE |
| 9 May 2022 | £716,626 | £703,123 | 31 THORNFIELD ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 17 Sep 2015. Using an estimated price of £487,405 means this house is valued at £5,415 per sq meter (£503 per sq foot).
The average size of a house on BALMORAL ROAD is 92 sq meters (991 sq feet).