£144,528
This estimated value is based upon the latest sale price for the house of £84,500 on 16 Oct 2012. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£84,500 | 16 Oct 2012 |
Terraced |
Freehold |
Floor Area: 70 sq meters or 753 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 October 2012 the House Price Index for GREATER MANCHESTER was 87.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.040%.Applying this 71.040% change to the original purchase price of £84,500 results in an estimated price of approximately £144,528.
16 Oct 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.5 | 149.7 | 71.040 % | £84,500 | £60,028 | £144,528 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | 52.470 % | £44,337 | £128,837 |
3 Month Average | 97.593 % | £82,465 | £166,965 |
6 Month Average | 90.871 % | £76,785 | £161,285 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £202,644 | £197,500 | 14 SPENCER STREET |
29 Sep 2023 | £141,111 | £138,000 | 10 SPENCER STREET |
24 Aug 2023 | £159,884 | £157,000 | 12 SALISBURY STREET |
24 Mar 2023 | £193,227 | £190,000 | 2 MELBOURNE STREET |
2 Mar 2023 | £355,944 | £350,000 | 34 MELANIE DRIVE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 22 Jun 2012. Using an estimated price of £144,529 means this house is valued at £2,064 per sq meter (£191 per sq foot).
The average size of a house on SPENCER STREET is 81 sq meters (872 sq feet).