£88,779
This estimated value is based upon the latest sale price for the house of £57,000 on 2 May 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £57,000 | 2 May 2014 |
| £46,000 | 7 Aug 2009 |
| Terraced |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 2014 the House Price Index for GREATER MANCHESTER was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £57,000 results in an estimated price of approximately £88,779.
| 2 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £57,000 | £31,779 | £88,779 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 50.434 % | £28,747 | £85,747 |
| 3 Month Average | 64.426 % | £36,722 | £93,722 |
| 6 Month Average | 62.642 % | £35,705 | £92,705 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Mar 2024 | £167,575 | £165,000 | 71 HIGHER SWAN LANE |
| 18 Mar 2024 | £101,560 | £100,000 | 83 HIGHER SWAN LANE |
| 4 Aug 2023 | £170,067 | £167,000 | 356 LEVER EDGE LANE |
| 2 Aug 2023 | £229,133 | £225,000 | 64 HIGHER SWAN LANE |
| 26 Nov 2021 | £119,847 | £110,000 | 99 HIGHER SWAN LANE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 14 Sep 2021. Using an estimated price of £88,779 means this house is valued at £1,325 per sq meter (£123 per sq foot).
The average size of a house on HOLMESWOOD ROAD is 93 sq meters (1,005 sq feet).
This house is the smallest in the street with a floor area of 67 sq meters (721 sq feet).