£48,279
This estimated value is based upon the latest sale price for the house of £10,500 on 23 Dec 1998. 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 |
---|---|
£10,500 | 23 Dec 1998 |
Terraced |
Freehold |
Floor Area: 115 sq meters or 1,237 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 December 1998 the House Price Index for GREATER MANCHESTER was 32.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 359.802%.Applying this 359.802% change to the original purchase price of £10,500 results in an estimated price of approximately £48,279.
23 Dec 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
32.3 | 148.6 | 359.802 % | £10,500 | £37,779 | £48,279 |
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 | 82.680 % | £8,681 | £19,181 |
3 Month Average | 464.294 % | £48,750 | £59,250 |
6 Month Average | 509.218 % | £53,467 | £63,967 |
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 |
2 May 2022 | £103,959 | £102,000 | 3 KELVIN GROVE |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 11 Dec 2013. Using an estimated price of £48,279 means this house is valued at £419 per sq meter (£39 per sq foot).
The average size of a house on GALSWORTHY AVENUE is 106 sq meters (1,150 sq feet).