£127,818
This estimated value is based upon the latest sale price for the house of £110,250 on 25 Nov 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £110,250 | 25 Nov 2020 |
| £69,000 | 29 Apr 2008 |
| £55,000 | 22 Jan 2007 |
| £50,000 | 1 Jul 2005 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 November 2020 the House Price Index for GREATER MANCHESTER was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £110,250 results in an estimated price of approximately £127,818.
| 25 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £110,250 | £17,568 | £127,818 |
The Postcode Pricing Model uses changes in average sales price within the SK14 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 | 33.235 % | £36,642 | £146,892 |
| 3 Month Average | 6.466 % | £7,128 | £117,378 |
| 6 Month Average | 9.819 % | £10,824 | £121,074 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £299,433 | £295,000 | UNIT 8B MEADOW STREET |
| 28 Jul 2023 | £102,378 | £101,000 | 188 LUMN ROAD |
| 20 Jan 2023 | £129,390 | £130,000 | 145 LUMN ROAD |
| 6 Jun 2022 | £319,515 | £315,000 | 11 GLOVER DRIVE |
| 18 Mar 2022 | £108,808 | £105,000 | 157 LUMN ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 29 Jul 2009. Using an estimated price of £127,819 means this house is valued at £1,773 per sq meter (£164 per sq foot).
The average size of a house on SMITHY LANE is 115 sq meters (1,238 sq feet).
This house is the smallest in the street with a floor area of 72 sq meters (775 sq feet).