£325,467
This estimated value is based upon the latest sale price for the house of £66,000 on 8 Dec 1997. 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 |
|---|---|
| £66,000 | 8 Dec 1997 |
| Semi-Detached |
| Leasehold |
| Floor Area: 85 sq meters or 914 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 December 1997 the House Price Index for GREATER MANCHESTER was 30.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 393.133%.Applying this 393.133% change to the original purchase price of £66,000 results in an estimated price of approximately £325,467.
| 8 Dec 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.4 | 149.7 | 393.133 % | £66,000 | £259,467 | £325,467 |
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 | 584.234 % | £385,594 | £451,594 |
| 3 Month Average | 440.822 % | £290,942 | £356,942 |
| 6 Month Average | 354.265 % | £233,815 | £299,815 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Oct 2023 | £139,161 | £136,000 | FLAT 7 ST. JAMES COURT MILLGATE LANE |
| 8 Sep 2023 | £357,889 | £350,000 | 546 PARRS WOOD ROAD |
| 14 Jun 2023 | £413,282 | £405,000 | 536 PARRS WOOD ROAD |
| 6 Mar 2023 | £333,062 | £327,500 | 88 BROAD OAK LANE |
| 5 Apr 2022 | £383,846 | £370,000 | 539 PARRS WOOD ROAD |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 20 Feb 2014. Using an estimated price of £325,468 means this house is valued at £3,829 per sq meter (£355 per sq foot).
The average size of a house on PARRS WOOD ROAD is 96 sq meters (1,040 sq feet).