£115,570
This estimated value is based upon the latest sale price for the house of £87,000 on 15 Sep 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 |
---|---|
£87,000 | 15 Sep 2016 |
£22,000 | 12 Feb 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 55 sq meters or 592 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 September 2016 the House Price Index for GREATER MANCHESTER was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £87,000 results in an estimated price of approximately £115,570.
15 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.9 | 148.6 | 32.839 % | £87,000 | £28,570 | £115,570 |
The Postcode Pricing Model uses changes in average sales price within the M5 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 | 70.648 % | £61,464 | £148,464 |
3 Month Average | 57.575 % | £50,090 | £137,090 |
6 Month Average | 41.947 % | £36,494 | £123,494 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Mar 2024 | £121,000 | £121,000 | FLAT 120 MELMERBY COURT ECCLES NEW ROAD |
25 Aug 2023 | £151,324 | £150,000 | FLAT 11 MELMERBY COURT ECCLES NEW ROAD |
28 Jul 2023 | £106,432 | £105,000 | FLAT 58 MELMERBY COURT ECCLES NEW ROAD |
24 Apr 2023 | £138,340 | £136,850 | FLAT 31 MELMERBY COURT ECCLES NEW ROAD |
27 Jan 2023 | £139,344 | £140,000 | FLAT 61 MELMERBY COURT ECCLES NEW ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 7 Nov 2013. Using an estimated price of £115,570 means this house is valued at £2,101 per sq meter (£195 per sq foot).
The average size of a house on ECCLES NEW ROAD is 59 sq meters (645 sq feet).