£245,618
This estimated value is based upon the latest sale price for the house of £53,000 on 12 Nov 1998. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £53,000 | 12 Nov 1998 |
| Terraced |
| Leasehold |
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 November 1998 the House Price Index for GREATER MANCHESTER was 32.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 363.431%.Applying this 363.431% change to the original purchase price of £53,000 results in an estimated price of approximately £245,618.
| 12 Nov 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 148.6 | 363.431 % | £53,000 | £192,618 | £245,618 |
The Postcode Pricing Model uses changes in average sales price within the M43 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 | 366.788 % | £194,397 | £247,397 |
| 3 Month Average | 417.204 % | £221,117 | £274,117 |
| 6 Month Average | 372.419 % | £197,382 | £250,382 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £192,461 | £190,000 | 2 WAYNE CLOSE |
| 23 Jun 2023 | £237,881 | £235,000 | 252 LUMB LANE |
| 24 Feb 2023 | £182,877 | £183,000 | 25B LUMB LANE |
| 14 Sep 2022 | £396,796 | £400,000 | 19 LUMB LANE |
| 25 Jul 2022 | £121,327 | £121,000 | 20 CRYER STREET |