£311,078
This estimated value is based upon the latest sale price for the house of £240,000 on 8 Mar 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £240,000 | 8 Mar 2017 |
| £225,000 | 24 Feb 2004 |
| £124,450 | 28 Jan 2000 |
| Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,259 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 March 2017 the House Price Index for GREATER MANCHESTER was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £240,000 results in an estimated price of approximately £311,078.
| 8 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 148.6 | 29.616 % | £240,000 | £71,078 | £311,078 |
The Postcode Pricing Model uses changes in average sales price within the SK14 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 | 56.230 % | £134,952 | £374,952 |
| 3 Month Average | 31.462 % | £75,508 | £315,508 |
| 6 Month Average | 36.894 % | £88,545 | £328,545 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £102,378 | £101,000 | 188 LUMN ROAD |
| 20 Jan 2023 | £129,390 | £130,000 | 145 LUMN ROAD |
| 6 Jun 2022 | £319,515 | £315,000 | 11 GLOVER DRIVE |
| 18 Mar 2022 | £166,838 | £161,000 | 169 LUMN ROAD |
| 18 Mar 2022 | £108,808 | £105,000 | 157 LUMN ROAD |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 20 Feb 2017. Using an estimated price of £311,078 means this house is valued at £2,658 per sq meter (£247 per sq foot).