£309,510
This estimated value is based upon the latest sale price for the house of £300,000 on 20 Dec 2023. 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 |
|---|---|
| £300,000 | 20 Dec 2023 |
| £245,100 | 16 May 2019 |
| Leasehold |
| Floor Area: 69 sq meters or 742 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 2023 the House Price Index for GREATER MANCHESTER was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £300,000 results in an estimated price of approximately £309,510.
| 20 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £300,000 | £9,510 | £309,510 |
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 | -28.585 % | £-85,755 | £214,244 |
| 3 Month Average | 31.835 % | £95,505 | £395,505 |
| 6 Month Average | 2.019 % | £6,056 | £306,056 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £309,511 | £300,000 | APARTMENT 604 1 LOCKGATE SQUARE |
| 23 Oct 2023 | £194,416 | £190,000 | APARTMENT 705 1 LOCKGATE SQUARE |
| 22 Aug 2023 | £295,327 | £290,000 | APARTMENT 403 12 LOCKSIDE LANE |
| 9 Jun 2023 | £285,726 | £280,000 | APARTMENT 208 1 LOCKGATE SQUARE |
| 30 Nov 2022 | £273,720 | £275,000 | APARTMENT 710 15 MIDDLEWOOD STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 23 May 2018. Using an estimated price of £309,511 means this house is valued at £4,485 per sq meter (£416 per sq foot).
The average size of a house on LOCKGATE SQUARE is 66 sq meters (718 sq feet).