£131,066
This estimated value is based upon the latest sale price for the house of £105,000 on 12 Apr 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £105,000 | 12 Apr 2018 |
| £88,500 | 30 Sep 2004 |
| £35,000 | 15 Apr 2003 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 2018 the House Price Index for GREATER MANCHESTER was 119.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.825%.Applying this 24.825% change to the original purchase price of £105,000 results in an estimated price of approximately £131,066.
| 12 Apr 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 148.6 | 24.825 % | £105,000 | £26,066 | £131,066 |
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 | 51.142 % | £53,698 | £158,698 |
| 3 Month Average | 32.287 % | £33,901 | £138,901 |
| 6 Month Average | 37.714 % | £39,599 | £144,599 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £188,295 | £185,000 | 13 HILDA GROVE |
| 11 Aug 2023 | £232,030 | £230,000 | 22 HILDA GROVE |
| 10 Aug 2023 | £140,227 | £139,000 | 58 REDDISH ROAD |
| 28 Apr 2023 | £136,975 | £135,500 | 62 REDDISH ROAD |
| 28 Apr 2023 | £212,286 | £210,000 | 68 HILDA GROVE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 13 Nov 2018. Using an estimated price of £131,066 means this house is valued at £1,956 per sq meter (£181 per sq foot).
The average size of a house on REDDISH ROAD is 92 sq meters (997 sq feet).