£397,868
This estimated value is based upon the latest sale price for the house of £170,000 on 31 Jul 2003. 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 |
|---|---|
| £170,000 | 31 Jul 2003 |
| £71,000 | 1 Sep 1995 |
| 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 July 2003 the House Price Index for GREATER MANCHESTER was 64.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 134.040%.Applying this 134.040% change to the original purchase price of £170,000 results in an estimated price of approximately £397,868.
| 31 Jul 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 149.7 | 134.040 % | £170,000 | £227,868 | £397,868 |
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 | 185.352 % | £315,098 | £485,098 |
| 3 Month Average | 147.713 % | £251,112 | £421,112 |
| 6 Month Average | 112.987 % | £192,078 | £362,078 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £422,998 | £410,000 | 49 ELM GROVE |
| 1 Dec 2023 | £253,799 | £246,000 | FLAT 46 VICEROY COURT WILMSLOW ROAD |
| 11 Sep 2023 | £245,410 | £240,000 | FLAT 42 VICEROY COURT WILMSLOW ROAD |
| 14 Aug 2023 | £641,571 | £630,000 | BEECH COTTAGE GRANGE LANE |
| 14 Aug 2023 | £916,531 | £900,000 | 6 GRANGE LANE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 23 Jun 2021. Using an estimated price of £397,868 means this house is valued at £5,938 per sq meter (£551 per sq foot).
The average size of a house on GRANGE LANE is 142 sq meters (1,530 sq feet).
This house is the smallest in the street with a floor area of 67 sq meters (721 sq feet).