£5,944
This estimated value is based upon the latest sale price for the house of £5,500 on 1 Jun 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £5,500 | 1 Jun 2021 |
| £37,500 | 15 Dec 1999 |
| Freehold |
| Floor Area: 57 sq meters or 613 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 2021 the House Price Index for GREATER MANCHESTER was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £5,500 results in an estimated price of approximately £5,944.
| 1 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £5,500 | £444 | £5,944 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | -12.514 % | £-688 | £4,811 |
| 3 Month Average | -20.737 % | £-1,140 | £4,359 |
| 6 Month Average | -23.331 % | £-1,283 | £4,216 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £113,000 | £113,000 | 3 MORTFIELD LANE |
| 24 Apr 2024 | £90,788 | £90,000 | 94 CHORLEY OLD ROAD |
| 24 Nov 2023 | £165,193 | £161,000 | 12 SPINNING MEADOW |
| 27 Sep 2023 | £511,271 | £500,000 | 7 GASKELL STREET |
| 22 Sep 2023 | £173,832 | £170,000 | 25 SPINNING MEADOW |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 21 Aug 2020. Using an estimated price of £5,945 means this house is valued at £104 per sq meter (£9 per sq foot).
The average size of a house on SPINNING MEADOW is 71 sq meters (764 sq feet).