£400,388
This estimated value is based upon the latest sale price for the house of £395,000 on 25 Jul 2023. 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 |
---|---|
£395,000 | 25 Jul 2023 |
£252,000 | 7 Dec 2016 |
Semi-Detached |
Leasehold |
Floor Area: 79 sq meters or 850 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 2023 the House Price Index for GREATER MANCHESTER was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £395,000 results in an estimated price of approximately £400,388.
25 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.6 | 148.6 | 1.364 % | £395,000 | £5,388 | £400,388 |
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 | -20.293 % | £-80,155 | £314,844 |
3 Month Average | -23.011 % | £-90,893 | £304,106 |
6 Month Average | -7.701 % | £-30,419 | £364,580 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Dec 2023 | £345,037 | £339,000 | 591 PARRS WOOD ROAD |
14 Sep 2023 | £303,379 | £299,500 | 49 RIVERTON ROAD |
23 Aug 2023 | £403,530 | £400,000 | 12 GLENLEA DRIVE |
23 Aug 2023 | £469,104 | £465,000 | 11 TUSCAN ROAD |
27 Jul 2023 | £329,434 | £325,000 | 9 RIVERTON ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 30 Aug 2016. Using an estimated price of £400,389 means this house is valued at £5,068 per sq meter (£470 per sq foot).
The average size of a house on MORESBY DRIVE is 105 sq meters (1,131 sq feet).