£170,661
This estimated value is based upon the latest sale price for the house of £138,000 on 12 Apr 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£138,000 | 12 Apr 2019 |
Terraced |
Leasehold |
Floor Area: 98 sq meters or 1,054 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 April 2019 the House Price Index for GREATER MANCHESTER was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.668%.Applying this 23.668% change to the original purchase price of £138,000 results in an estimated price of approximately £170,661.
12 Apr 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 148.6 | 23.668 % | £138,000 | £32,661 | £170,661 |
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 | 2.190 % | £3,021 | £141,021 |
3 Month Average | 40.171 % | £55,436 | £193,436 |
6 Month Average | 41.027 % | £56,617 | £194,617 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Dec 2023 | £427,479 | £420,000 | 38 RIGBY LANE |
6 Nov 2023 | £127,386 | £125,500 | 9 RAINFORD STREET |
6 Nov 2023 | £208,081 | £205,000 | 1 RIGBY LANE |
1 Sep 2023 | £238,044 | £235,000 | 20 RIGBY LANE |
27 Jul 2023 | £243,274 | £240,000 | 30 RIGBY LANE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 27 Nov 2018. Using an estimated price of £170,662 means this house is valued at £1,741 per sq meter (£161 per sq foot).
The average size of a house on RIGBY LANE is 122 sq meters (1,321 sq feet).