£214,936
This estimated value is based upon the latest sale price for the house of £170,000 on 26 Jan 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £170,000 | 26 Jan 2018 |
| Terraced |
| Leasehold |
| Floor Area: 120 sq meters or 1,291 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 January 2018 the House Price Index for GREATER MANCHESTER was 118.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.433%.Applying this 26.433% change to the original purchase price of £170,000 results in an estimated price of approximately £214,936.
| 26 Jan 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 149.7 | 26.433 % | £170,000 | £44,936 | £214,936 |
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 | 35.061 % | £59,603 | £229,603 |
| 3 Month Average | 58.134 % | £98,827 | £268,827 |
| 6 Month Average | 39.882 % | £67,799 | £237,799 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Sep 2022 | £284,810 | £285,000 | 14 ELDER DRIVE |
| 13 Jul 2022 | £196,974 | £195,000 | 2 MAPLE WALK |
| 30 Sep 2021 | £293,104 | £270,000 | 11 LAUREL AVENUE |
| 7 Dec 2020 | £404,673 | £350,000 | 60 LAUREL AVENUE |
| 7 Dec 2020 | £225,461 | £195,000 | 7 LAUREL AVENUE |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 7 Jan 2018. Using an estimated price of £214,936 means this house is valued at £1,791 per sq meter (£166 per sq foot).
There is one other house on the street which we know the size of, this is 4 CROFT SIDE it is 115.8