£409,965
This estimated value is based upon the latest sale price for the house of £405,000 on 14 Jun 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 |
---|---|
£405,000 | 14 Jun 2023 |
£207,500 | 18 Sep 2017 |
£207,500 | 8 Sep 2017 |
Semi-Detached |
Freehold |
Floor Area: 60 sq meters or 645 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 June 2023 the House Price Index for GREATER MANCHESTER was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £405,000 results in an estimated price of approximately £409,965.
14 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.8 | 148.6 | 1.226 % | £405,000 | £4,965 | £409,965 |
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 | 7.636 % | £30,927 | £435,927 |
3 Month Average | -28.699 % | £-116,231 | £288,768 |
6 Month Average | -5.400 % | £-21,870 | £383,129 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Sep 2023 | £354,533 | £350,000 | 546 PARRS WOOD ROAD |
27 Jul 2023 | £516,958 | £510,000 | 506 PARRS WOOD ROAD |
14 Jun 2023 | £409,966 | £405,000 | 536 PARRS WOOD ROAD |
6 Mar 2023 | £330,615 | £327,500 | 88 BROAD OAK LANE |
19 Aug 2022 | £416,878 | £418,000 | 2 CRANSTON DRIVE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 15 Jul 2017. Using an estimated price of £409,966 means this house is valued at £6,832 per sq meter (£634 per sq foot).
The average size of a house on PARRS WOOD ROAD is 96 sq meters (1,040 sq feet).