£127,197
This estimated value is based upon the latest sale price for the house of £80,000 on 23 May 2008. 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 | 23 May 2008 |
| Terraced |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 2008 the House Price Index for GREATER MANCHESTER was 93.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.996%.Applying this 58.996% change to the original purchase price of £80,000 results in an estimated price of approximately £127,197.
| 23 May 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.5 | 148.6 | 58.996 % | £80,000 | £47,197 | £127,197 |
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 | 23.549 % | £18,839 | £98,839 |
| 3 Month Average | 34.780 % | £27,824 | £107,824 |
| 6 Month Average | 38.720 % | £30,975 | £110,975 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £91,352 | £90,000 | 98 MORRIS GREEN LANE |
| 28 Apr 2023 | £111,197 | £110,000 | 119 MORRIS GREEN LANE |
| 6 Apr 2023 | £131,415 | £130,000 | 120 MORRIS GREEN LANE |
| 21 Oct 2022 | £98,935 | £100,000 | 74 MORRIS GREEN LANE |
| 29 Apr 2022 | £94,742 | £92,000 | 53 MORRIS GREEN LANE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 24 Mar 2009. Using an estimated price of £127,197 means this house is valued at £1,987 per sq meter (£184 per sq foot).
The average size of a house on GRANVILLE ROAD is 75 sq meters (814 sq feet).