£262,264
This estimated value is based upon the latest sale price for the house of £74,950 on 5 Mar 2001. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£74,950 | 5 Mar 2001 |
Semi-Detached |
Freehold |
Floor Area: 75 sq meters or 808 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 2001 the House Price Index for GREATER MANCHESTER was 42.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 249.920%.Applying this 249.920% change to the original purchase price of £74,950 results in an estimated price of approximately £262,264.
5 Mar 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
42.5 | 148.6 | 249.920 % | £74,950 | £187,314 | £262,264 |
The Postcode Pricing Model uses changes in average sales price within the SK3 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 | 222.520 % | £166,778 | £241,728 |
3 Month Average | 301.827 % | £226,219 | £301,169 |
6 Month Average | 289.860 % | £217,250 | £292,200 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Jul 2023 | £235,672 | £232,500 | 38 LORLAND ROAD |
14 Jul 2023 | £290,915 | £287,000 | 5 PLYMOUTH GROVE |
9 Mar 2023 | £277,615 | £275,000 | 16 LORLAND ROAD |
17 Nov 2022 | £294,434 | £298,000 | 6 LORLAND ROAD |
12 Aug 2022 | £304,181 | £305,000 | 20 LORLAND ROAD |
This house has a floor area of 75 sq meters or 808 sq feet when measured on 15 Apr 2010. Using an estimated price of £262,265 means this house is valued at £3,490 per sq meter (£324 per sq foot).
There is one other house on the street which we know the size of, this is 10 PLYMOUTH GROVE it is 74.0