£183,634
This estimated value is based upon the latest sale price for the house of £145,000 on 1 Dec 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £145,000 | 1 Dec 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 2017 the House Price Index for GREATER MANCHESTER was 118.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.645%.Applying this 26.645% change to the original purchase price of £145,000 results in an estimated price of approximately £183,634.
| 1 Dec 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 149.7 | 26.645 % | £145,000 | £38,634 | £183,634 |
The Postcode Pricing Model uses changes in average sales price within the SK16 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 | 56.044 % | £81,263 | £226,263 |
| 3 Month Average | 57.166 % | £82,891 | £227,891 |
| 6 Month Average | 36.356 % | £52,716 | £197,716 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Mar 2023 | £193,227 | £190,000 | 56 CUMBERLAND AVENUE |
| 28 Feb 2023 | £222,486 | £221,000 | 122 LODGE LANE |
| 21 Feb 2023 | £201,345 | £200,000 | 22 CUMBERLAND AVENUE |
| 30 Aug 2022 | £150,705 | £150,000 | 186 LODGE LANE |
| 25 May 2022 | £222,086 | £216,300 | 38 WESTMORLAND AVENUE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 10 Jul 2017. Using an estimated price of £183,635 means this house is valued at £3,060 per sq meter (£284 per sq foot).
The average size of a house on CUMBERLAND AVENUE is 69 sq meters (752 sq feet).