£161,983
This estimated value is based upon the latest sale price for the house of £104,000 on 22 May 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
Price Paid | Date |
---|---|
£104,000 | 22 May 2014 |
£140,000 | 20 Jan 2012 |
Terraced |
Freehold |
Floor Area: 150 sq meters or 1,614 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 £104,000 results in an estimated price of approximately £161,983.
22 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.1 | 149.7 | 55.753 % | £104,000 | £57,983 | £161,983 |
The Postcode Pricing Model uses changes in average sales price within the M12 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 | 115.391 % | £120,006 | £224,006 |
3 Month Average | 163.372 % | £169,907 | £273,907 |
6 Month Average | 122.561 % | £127,462 | £231,462 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Mar 2024 | £203,121 | £200,000 | 31 MELLING STREET |
8 Sep 2023 | £195,305 | £191,000 | 33 FARRANT ROAD |
8 Nov 2021 | £114,400 | £105,000 | 5 MELLING STREET |
8 Mar 2021 | £198,479 | £177,000 | 37 MELLING STREET |
8 Jun 2020 | £126,878 | £104,000 | 8 ELGAR STREET |
This house has a floor area of 150 sq meters or 1,614 sq feet when measured on 4 Mar 2015. Using an estimated price of £161,983 means this house is valued at £1,079 per sq meter (£100 per sq foot).
The average size of a house on FARRANT ROAD is 83 sq meters (898 sq feet).
This house is the largest in the street with a floor area of 150 sq meters (1,614 sq feet).