£159,768
This estimated value is based upon the latest sale price for the house of £120,000 on 31 Aug 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £120,000 | 31 Aug 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 63 sq meters or 678 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 August 2016 the House Price Index for GREATER MANCHESTER was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £120,000 results in an estimated price of approximately £159,768.
| 31 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £120,000 | £39,768 | £159,768 |
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 | 34.493 % | £41,391 | £161,391 |
| 3 Month Average | 41.017 % | £49,220 | £169,220 |
| 6 Month Average | 57.782 % | £69,338 | £189,338 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £265,393 | £262,000 | 1 TONBRIDGE ROAD |
| 21 Jul 2022 | £335,904 | £335,000 | 7 LIVERSTUDD AVENUE |
| 24 Feb 2022 | £280,526 | £267,500 | 4 HARRY ROAD |
| 31 Jan 2022 | £247,316 | £235,000 | 14 HOTHERSALL ROAD |
| 3 Dec 2021 | £316,056 | £295,000 | 1B LAMBETH ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 16 Mar 2016. Using an estimated price of £159,769 means this house is valued at £2,536 per sq meter (£235 per sq foot).
There is one other house on the street which we know the size of, this is 2 RAMSGATE ROAD it is 69.0