£507,521
This estimated value is based upon the latest sale price for the house of £350,000 on 3 Jul 2015. 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 |
---|---|
£350,000 | 3 Jul 2015 |
£326,700 | 30 Nov 2006 |
Flats/Maisonettes |
Leasehold |
Floor Area: 113 sq meters or 1,218 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 July 2015 the House Price Index for GREATER MANCHESTER was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £350,000 results in an estimated price of approximately £507,521.
3 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
103.2 | 149.7 | 45.006 % | £350,000 | £157,521 | £507,521 |
The Postcode Pricing Model uses changes in average sales price within the M20 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 | 108.703 % | £380,460 | £730,460 |
3 Month Average | 57.397 % | £200,889 | £550,889 |
6 Month Average | 39.185 % | £137,146 | £487,146 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £367,286 | £356,000 | APARTMENT 5 3 LARKE RISE |
20 Oct 2023 | £409,245 | £399,950 | APARTMENT 14 5 LARKE RISE |
14 Nov 2022 | £333,441 | £335,000 | APARTMENT 10 2 LARKE RISE |
3 Aug 2022 | £351,644 | £350,000 | APARTMENT 12 7 LARKE RISE |
6 Sep 2021 | £298,532 | £275,000 | APARTMENT 1 3 LARKE RISE |
This house has a floor area of 113 sq meters or 1,218 sq feet when measured on 3 Oct 2008. Using an estimated price of £507,522 means this house is valued at £4,484 per sq meter (£416 per sq foot).
The average size of a house on LARKE RISE is 106 sq meters (1,145 sq feet).