£126,857
This estimated value is based upon the latest sale price for the house of £80,000 on 31 Mar 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£80,000 | 31 Mar 2014 |
£49,950 | 19 Oct 2001 |
£43,500 | 13 Nov 2000 |
£40,000 | 10 Mar 1999 |
Terraced |
Freehold |
Floor Area: 59 sq meters or 635 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 March 2014 the House Price Index for GREATER MANCHESTER was 94.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.571%.Applying this 58.571% change to the original purchase price of £80,000 results in an estimated price of approximately £126,857.
31 Mar 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.4 | 149.7 | 58.571 % | £80,000 | £46,857 | £126,857 |
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 | 60.128 % | £48,102 | £128,102 |
3 Month Average | 89.107 % | £71,285 | £151,285 |
6 Month Average | 79.459 % | £63,567 | £143,567 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £154,755 | £150,000 | 74 SOMERFORD ROAD |
3 Nov 2023 | £248,303 | £242,000 | 101 SOMERFORD ROAD |
20 Oct 2023 | £276,275 | £270,000 | 195 THORNLEY LANE SOUTH |
7 Jun 2023 | £120,413 | £118,000 | 181 THORNLEY LANE SOUTH |
13 Jan 2023 | £300,804 | £300,000 | 53 WINDMILL LANE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 27 Feb 2013. Using an estimated price of £126,857 means this house is valued at £2,150 per sq meter (£199 per sq foot).
The average size of a house on SOMERFORD ROAD is 72 sq meters (778 sq feet).