£104,544
This estimated value is based upon the latest sale price for the house of £45,000 on 25 Jul 2003. 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 |
|---|---|
| £45,000 | 25 Jul 2003 |
| £25,000 | 7 May 2002 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 July 2003 the House Price Index for GREATER MANCHESTER was 64.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 132.320%.Applying this 132.320% change to the original purchase price of £45,000 results in an estimated price of approximately £104,544.
| 25 Jul 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 148.6 | 132.320 % | £45,000 | £59,544 | £104,544 |
The Postcode Pricing Model uses changes in average sales price within the M8 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 | 10.029 % | £4,512 | £49,512 |
| 3 Month Average | 225.734 % | £101,580 | £146,580 |
| 6 Month Average | 275.205 % | £123,842 | £168,842 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £141,813 | £140,000 | 57 FARADAY AVENUE |
| 14 Jul 2023 | £111,501 | £110,000 | 2 KELVIN GROVE |
| 31 Mar 2023 | £121,141 | £120,000 | 18 GALSWORTHY AVENUE |
| 8 Jul 2022 | £115,310 | £115,000 | 54 GALSWORTHY AVENUE |
| 10 Mar 2022 | £145,077 | £140,000 | 48 GALSWORTHY AVENUE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 17 Feb 2016. Using an estimated price of £104,544 means this house is valued at £968 per sq meter (£89 per sq foot).
The average size of a house on FARADAY AVENUE is 103 sq meters (1,115 sq feet).