£588,070
This estimated value is based upon the latest sale price for the house of £570,000 on 15 Dec 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £570,000 | 15 Dec 2023 |
| £488,500 | 26 Apr 2019 |
| £170,000 | 17 Aug 2018 |
| Terraced |
| Freehold |
| Floor Area: 151 sq meters or 1,625 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 December 2023 the House Price Index for GREATER MANCHESTER was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £570,000 results in an estimated price of approximately £588,070.
| 15 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £570,000 | £18,070 | £588,070 |
The Postcode Pricing Model uses changes in average sales price within the SK4 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 | 181.631 % | £1,035,295 | £1,605,295 |
| 3 Month Average | 36.930 % | £210,499 | £780,499 |
| 6 Month Average | 3.718 % | £21,193 | £591,193 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £588,070 | £570,000 | 12 MOORFIELD GROVE |
| 1 Dec 2023 | £165,072 | £160,000 | FLAT 4 JENNINGS COURT, 1 DERBY RANGE |
| 4 Oct 2023 | £284,461 | £278,000 | 32 BIRCH AVENUE |
| 4 Oct 2023 | £683,524 | £668,000 | 4 LAUREL ROAD |
| 9 Jan 2023 | £200,536 | £200,000 | FLAT 6 JENNINGS COURT, 1 DERBY RANGE |
This house has a floor area of 151 sq meters or 1,625 sq feet when measured on 2 Nov 2017. Using an estimated price of £588,070 means this house is valued at £3,894 per sq meter (£361 per sq foot).
There is one other house on the street which we know the size of, this is 20 MOORFIELD GROVE it is 100.0