£283,962
This estimated value is based upon the latest sale price for the house of £220,000 on 9 Jun 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £220,000 | 9 Jun 2017 |
| £52,000 | 26 Mar 1999 |
| Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 June 2017 the House Price Index for GREATER MANCHESTER was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £220,000 results in an estimated price of approximately £283,962.
| 9 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 149.7 | 29.074 % | £220,000 | £63,962 | £283,962 |
The Postcode Pricing Model uses changes in average sales price within the SK2 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 | 0.622 % | £1,368 | £221,368 |
| 3 Month Average | 41.366 % | £91,005 | £311,005 |
| 6 Month Average | 42.152 % | £92,733 | £312,733 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £268,928 | £263,000 | 26 BLEATARN ROAD |
| 14 Jun 2023 | £204,090 | £200,000 | 44 WORSLEY CRESCENT |
| 28 Apr 2023 | £258,841 | £254,000 | 22 WORSLEY CRESCENT |
| 10 Mar 2023 | £350,859 | £345,000 | 43 BORTH AVENUE |
| 1 Mar 2023 | £213,770 | £210,200 | 92 LOWNDES LANE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 7 Jul 2014. Using an estimated price of £283,963 means this house is valued at £3,505 per sq meter (£325 per sq foot).
The average size of a house on LOWNDES LANE is 87 sq meters (944 sq feet).