£117,739
This estimated value is based upon the latest sale price for the house of £68,500 on 27 Apr 2012. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£68,500 | 27 Apr 2012 |
£73,000 | 4 May 2007 |
Terraced |
Leasehold |
Floor Area: 62 sq meters or 669 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 2012 the House Price Index for GREATER MANCHESTER was 87.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.883%.Applying this 71.883% change to the original purchase price of £68,500 results in an estimated price of approximately £117,739.
27 Apr 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.1 | 149.7 | 71.883 % | £68,500 | £49,239 | £117,739 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 67.774 % | £46,425 | £114,925 |
3 Month Average | 73.531 % | £50,368 | £118,868 |
6 Month Average | 68.057 % | £46,619 | £115,119 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Oct 2023 | £148,370 | £145,000 | 2 MARS AVENUE |
27 Sep 2023 | £153,381 | £150,000 | 42 HURST STREET |
6 Sep 2023 | £173,832 | £170,000 | 6 PLOWDEN CLOSE |
17 Aug 2023 | £173,122 | £170,000 | 27 ST DOMINICS MEWS |
30 Jun 2023 | £173,476 | £170,000 | 74 ELLESMERE ROAD |
This house has a floor area of 62 sq meters or 669 sq feet when measured on 28 Jan 2011. Using an estimated price of £117,740 means this house is valued at £1,894 per sq meter (£175 per sq foot).
The average size of a house on ELLESMERE ROAD is 76 sq meters (827 sq feet).