£115,777
This estimated value is based upon the latest sale price for the house of £49,950 on 22 Aug 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £49,950 | 22 Aug 2003 |
| £19,950 | 16 Jul 2002 |
| Terraced |
| Freehold |
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 August 2003 the House Price Index for GREATER MANCHESTER was 64.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 131.786%.Applying this 131.786% change to the original purchase price of £49,950 results in an estimated price of approximately £115,777.
| 22 Aug 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 149.7 | 131.786 % | £49,950 | £65,827 | £115,777 |
The Postcode Pricing Model uses changes in average sales price within the M35 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 | 184.275 % | £92,045 | £141,995 |
| 3 Month Average | 207.134 % | £103,463 | £153,413 |
| 6 Month Average | 214.761 % | £107,273 | £157,223 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £143,156 | £140,000 | 9 SPRINGFIELD CLOSE |
| 31 Mar 2023 | £129,157 | £127,000 | 147 OLD ROAD |
| 29 Mar 2023 | £259,331 | £255,000 | 23A ELM STREET |
| 17 Feb 2023 | £161,076 | £160,000 | 23 ELM STREET |
| 16 Jan 2023 | £171,959 | £171,500 | 24 ASH STREET |