£205,057
This estimated value is based upon the latest sale price for the house of £124,950 on 16 Feb 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £124,950 | 16 Feb 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 February 2007 the House Price Index for GREATER MANCHESTER was 91.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 64.111%.Applying this 64.111% change to the original purchase price of £124,950 results in an estimated price of approximately £205,057.
| 16 Feb 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.2 | 149.7 | 64.111 % | £124,950 | £80,107 | £205,057 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | 80.109 % | £100,095 | £225,045 |
| 3 Month Average | 73.808 % | £92,223 | £217,173 |
| 6 Month Average | 82.585 % | £103,189 | £228,139 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £297,584 | £295,000 | 21 FAIRFORD WAY |
| 23 Jun 2023 | £206,131 | £202,000 | 37 GAIR ROAD |
| 7 Mar 2023 | £266,958 | £262,500 | 42 FAIRFORD WAY |
| 10 Oct 2022 | £189,368 | £190,000 | 29 COLWYN CRESCENT |
| 26 Aug 2022 | £336,574 | £335,000 | 45 COLWYN CRESCENT |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 1 Mar 2016. Using an estimated price of £205,057 means this house is valued at £2,698 per sq meter (£250 per sq foot).