£148,012
This estimated value is based upon the latest sale price for the house of £37,950 on 20 Mar 2000. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£37,950 | 20 Mar 2000 |
£38,000 | 15 Aug 1997 |
Terraced |
Leasehold |
Floor Area: 58 sq meters or 624 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 March 2000 the House Price Index for GREATER MANCHESTER was 38.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 290.019%.Applying this 290.019% change to the original purchase price of £37,950 results in an estimated price of approximately £148,012.
20 Mar 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
38.4 | 149.7 | 290.019 % | £37,950 | £110,062 | £148,012 |
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 | 252.593 % | £95,858 | £133,808 |
3 Month Average | 396.772 % | £150,574 | £188,524 |
6 Month Average | 323.199 % | £122,653 | £160,603 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Oct 2023 | £98,231 | £96,000 | 105 NEW LANE |
13 Oct 2023 | £66,511 | £65,000 | 7 NEW LANE COURT NEW LANE |
28 Feb 2023 | £238,594 | £237,000 | 12 DENSTONE CRESCENT |
9 Feb 2023 | £130,874 | £130,000 | 87 NEW LANE |
29 Nov 2022 | £204,046 | £205,000 | 92 NEW LANE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 26 Apr 2012. Using an estimated price of £148,012 means this house is valued at £2,551 per sq meter (£237 per sq foot).
The average size of a house on STOCKLEY AVENUE is 75 sq meters (809 sq feet).
This house is the smallest in the street with a floor area of 58 sq meters (624 sq feet).