£240,246
This estimated value is based upon the latest sale price for the house of £181,000 on 11 Nov 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
Price Paid | Date |
---|---|
£181,000 | 11 Nov 2016 |
£168,000 | 22 Feb 2008 |
£153,500 | 8 Sep 2005 |
£68,000 | 25 Sep 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 68 sq meters or 734 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 2016 the House Price Index for GREATER MANCHESTER was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £181,000 results in an estimated price of approximately £240,246.
11 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.8 | 149.7 | 32.733 % | £181,000 | £59,246 | £240,246 |
The Postcode Pricing Model uses changes in average sales price within the M20 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 | 76.583 % | £138,615 | £319,615 |
3 Month Average | 47.800 % | £86,518 | £267,518 |
6 Month Average | 29.109 % | £52,687 | £233,687 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £367,286 | £356,000 | APARTMENT 5 3 LARKE RISE |
11 Oct 2023 | £214,880 | £210,000 | RIVER FLAT MAYFAIR MANSIONS MERSEY ROAD |
29 Sep 2023 | £224,959 | £220,000 | FLAT 7 MAYFAIR COURT MERSEY ROAD |
15 Sep 2023 | £235,184 | £230,000 | FLAT 9 MAYFAIR COURT MERSEY ROAD |
26 Apr 2023 | £216,041 | £212,000 | FLAT 25 LANGHAM COURT MERSEY ROAD |
This house has a floor area of 68 sq meters or 734 sq feet when measured on 14 Oct 2010. Using an estimated price of £240,247 means this house is valued at £3,522 per sq meter (£327 per sq foot).
The average size of a house on MERSEY ROAD is 64 sq meters (695 sq feet).