£48,849
This estimated value is based upon the latest sale price for the house of £8,500 on 29 Nov 1995. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£8,500 | 29 Nov 1995 |
Terraced |
Freehold |
Floor Area: 77 sq meters or 828 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 November 1995 the House Price Index for GREATER MANCHESTER was 26.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 474.697%.Applying this 474.697% change to the original purchase price of £8,500 results in an estimated price of approximately £48,849.
29 Nov 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.0 | 149.7 | 474.697 % | £8,500 | £40,349 | £48,849 |
The Postcode Pricing Model uses changes in average sales price within the M40 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 | 591.249 % | £50,256 | £58,756 |
3 Month Average | 666.099 % | £56,618 | £65,118 |
6 Month Average | 603.754 % | £51,319 | £59,819 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £164,167 | £160,000 | 137 ADRIAN STREET |
29 Sep 2023 | £137,021 | £134,000 | 61 LANGWORTHY ROAD |
20 Jun 2023 | £153,067 | £150,000 | 96 LANGWORTHY ROAD |
14 Jun 2023 | £153,067 | £150,000 | 218 LIGHTBOWNE ROAD |
16 Jan 2023 | £115,308 | £115,000 | 30 JOAN STREET |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 26 Jul 2018. Using an estimated price of £48,849 means this house is valued at £634 per sq meter (£58 per sq foot).
The average size of a house on LANGWORTHY ROAD is 81 sq meters (876 sq feet).