£121,852
This estimated value is based upon the latest sale price for the house of £82,000 on 23 Jan 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £82,000 | 23 Jan 2015 |
| £91,000 | 6 Jun 2008 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 739 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 January 2015 the House Price Index for GREATER MANCHESTER was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £82,000 results in an estimated price of approximately £121,852.
| 23 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 148.6 | 48.600 % | £82,000 | £39,852 | £121,852 |
The Postcode Pricing Model uses changes in average sales price within the M19 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 | 101.872 % | £83,534 | £165,534 |
| 3 Month Average | 44.388 % | £36,398 | £118,398 |
| 6 Month Average | 69.667 % | £57,126 | £139,126 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Jul 2023 | £177,387 | £175,000 | 2 WATTS STREET |
| 9 Jun 2023 | £129,569 | £128,000 | 20 WATTS STREET |
| 10 Mar 2023 | £232,188 | £230,000 | 11 TONBRIDGE ROAD |
| 22 Aug 2022 | £229,383 | £230,000 | 15 DORRIS STREET |
| 8 Jul 2022 | £160,432 | £160,000 | 5 BROOM LANE |
This house has a floor area of 68 sq meters or 739 sq feet when measured on 1 Nov 2008. Using an estimated price of £121,852 means this house is valued at £1,773 per sq meter (£164 per sq foot).
The average size of a house on BROOM LANE is 86 sq meters (932 sq feet).