£108,767
This estimated value is based upon the latest sale price for the house of £31,500 on 11 May 2001. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £31,500 | 11 May 2001 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 780 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 May 2001 the House Price Index for GREATER MANCHESTER was 43.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 245.295%.Applying this 245.295% change to the original purchase price of £31,500 results in an estimated price of approximately £108,767.
| 11 May 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.4 | 149.7 | 245.295 % | £31,500 | £77,267 | £108,767 |
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 | 276.673 % | £87,151 | £118,651 |
| 3 Month Average | 345.935 % | £108,969 | £140,469 |
| 6 Month Average | 325.178 % | £102,431 | £133,931 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £182,611 | £177,000 | 8 LONSDALE AVENUE |
| 27 Nov 2023 | £482,241 | £470,000 | 535 GORTON ROAD |
| 23 Jun 2023 | £184,701 | £181,000 | 4 LONSDALE AVENUE |
| 24 Feb 2023 | £211,412 | £210,000 | 571 GORTON ROAD |
| 24 Jun 2022 | £131,818 | £129,000 | 5 BIRTLES AVENUE |
This house has a floor area of 72 sq meters or 780 sq feet when measured on 8 Dec 2010. Using an estimated price of £108,768 means this house is valued at £1,500 per sq meter (£139 per sq foot).
The average size of a house on LONSDALE AVENUE is 76 sq meters (827 sq feet).