£226,365
This estimated value is based upon the latest sale price for the house of £140,000 on 19 Dec 2013. 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 |
---|---|
£140,000 | 19 Dec 2013 |
£164,950 | 25 Apr 2007 |
£130,000 | 5 Sep 2003 |
£87,500 | 16 Apr 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 68 sq meters or 731 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 December 2013 the House Price Index for GREATER MANCHESTER was 92.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.690%.Applying this 61.690% change to the original purchase price of £140,000 results in an estimated price of approximately £226,365.
19 Dec 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
92.6 | 149.7 | 61.690 % | £140,000 | £86,365 | £226,365 |
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 | 139.420 % | £195,187 | £335,187 |
3 Month Average | 90.466 % | £126,653 | £266,653 |
6 Month Average | 53.753 % | £75,254 | £215,254 |
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 731 sq feet when measured on 14 Jun 2021. Using an estimated price of £226,366 means this house is valued at £3,328 per sq meter (£309 per sq foot).
The average size of a house on MERSEY ROAD is 64 sq meters (695 sq feet).