£129,794
This estimated value is based upon the latest sale price for the house of £105,000 on 21 May 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£105,000 | 21 May 2019 |
£52,000 | 28 Aug 1998 |
Semi-Detached |
Leasehold |
Floor Area: 54 sq meters or 581 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 2019 the House Price Index for GREATER MANCHESTER was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £105,000 results in an estimated price of approximately £129,794.
21 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 148.6 | 23.614 % | £105,000 | £24,794 | £129,794 |
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 | 2.643 % | £2,774 | £107,774 |
3 Month Average | 42.837 % | £44,979 | £149,979 |
6 Month Average | 46.888 % | £49,232 | £154,232 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Aug 2023 | £121,059 | £120,000 | 23 CROMPTON AVENUE |
18 Aug 2023 | £105,927 | £105,000 | 23 FAIRMOUNT AVENUE |
25 Jul 2023 | £126,705 | £125,000 | 4 GREGORY AVENUE |
14 Jul 2023 | £141,910 | £140,000 | 42 GREGORY AVENUE |
20 Apr 2023 | £171,850 | £170,000 | 43 GREGORY AVENUE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 12 Feb 2019. Using an estimated price of £129,794 means this house is valued at £2,403 per sq meter (£223 per sq foot).
The average size of a house on WITHINS DRIVE is 81 sq meters (878 sq feet).