£144,171
This estimated value is based upon the latest sale price for the house of £117,000 on 4 May 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£117,000 | 4 May 2020 |
£94,000 | 27 May 2005 |
£90,000 | 24 Sep 2004 |
Semi-Detached |
Leasehold |
Floor Area: 69 sq meters or 742 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 2020 the House Price Index for GREATER MANCHESTER was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £117,000 results in an estimated price of approximately £144,171.
4 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 149.7 | 23.224 % | £117,000 | £27,171 | £144,171 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 48.040 % | £56,206 | £173,206 |
3 Month Average | 21.095 % | £24,681 | £141,681 |
6 Month Average | 29.387 % | £34,383 | £151,383 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £226,923 | £219,950 | 16 RISHTON AVENUE |
15 Dec 2023 | £175,389 | £170,000 | 3 RISHTON AVENUE |
4 Sep 2023 | £194,283 | £190,000 | 23 BROOK HEY AVENUE |
11 Aug 2023 | £218,949 | £215,000 | 18 RISHTON AVENUE |
28 Apr 2023 | £254,765 | £250,000 | 42 GREEN LANE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 29 Jan 2020. Using an estimated price of £144,172 means this house is valued at £2,089 per sq meter (£194 per sq foot).
The average size of a house on RISHTON AVENUE is 98 sq meters (1,057 sq feet).