£371,858
This estimated value is based upon the latest sale price for the house of £193,000 on 25 Aug 2004. 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 |
|---|---|
| £193,000 | 25 Aug 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 August 2004 the House Price Index for GREATER MANCHESTER was 77.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 92.673%.Applying this 92.673% change to the original purchase price of £193,000 results in an estimated price of approximately £371,858.
| 25 Aug 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 148.6 | 92.673 % | £193,000 | £178,858 | £371,858 |
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 | 44.347 % | £85,590 | £278,590 |
| 3 Month Average | 43.955 % | £84,833 | £277,833 |
| 6 Month Average | 88.643 % | £171,080 | £364,080 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £356,233 | £350,000 | FLAT 6 QUANTUM HOUSE, 2 KENSAL DRIVE |
| 11 Aug 2023 | £428,751 | £425,000 | 18 MAPLEWOOD, 117 NELL LANE |
| 6 Sep 2022 | £416,636 | £420,000 | FLAT 210 QUANTUM HOUSE, 2 KENSAL DRIVE |
| 19 Aug 2022 | £287,760 | £288,535 | 32 FREMONT, 117 NELL LANE |
| 17 Feb 2022 | £487,643 | £465,000 | FLAT 303 QUANTUM HOUSE, 2 KENSAL DRIVE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 24 Apr 2013. Using an estimated price of £371,859 means this house is valued at £5,237 per sq meter (£486 per sq foot).
The average size of a house on NELL LANE is 90 sq meters (978 sq feet).