£170,439
This estimated value is based upon the latest sale price for the house of £116,000 on 23 Apr 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £116,000 | 23 Apr 2015 |
| Semi-Detached |
| 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 April 2015 the House Price Index for GREATER MANCHESTER was 101.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 46.930%.Applying this 46.930% change to the original purchase price of £116,000 results in an estimated price of approximately £170,439.
| 23 Apr 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.1 | 148.6 | 46.930 % | £116,000 | £54,439 | £170,439 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | 42.578 % | £49,390 | £165,390 |
| 3 Month Average | 54.387 % | £63,088 | £179,088 |
| 6 Month Average | 71.934 % | £83,443 | £199,443 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £299,433 | £295,000 | 33 WINDMILL LANE |
| 1 Nov 2023 | £86,277 | £85,000 | 45A BETLEY ROAD |
| 1 Sep 2023 | £243,108 | £240,000 | 87 BETLEY ROAD |
| 25 Aug 2023 | £232,030 | £230,000 | 67 BETLEY ROAD |
| 18 Nov 2022 | £238,116 | £241,000 | 35 MIDDLETON ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 12 Jun 2014. Using an estimated price of £170,439 means this house is valued at £2,367 per sq meter (£219 per sq foot).
The average size of a house on SOMERS ROAD is 85 sq meters (924 sq feet).