£152,042
This estimated value is based upon the latest sale price for the house of £121,000 on 25 May 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £121,000 | 25 May 2018 |
| £107,000 | 28 Sep 2007 |
| £67,500 | 16 Jul 2004 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 May 2018 the House Price Index for GREATER MANCHESTER was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £121,000 results in an estimated price of approximately £152,042.
| 25 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £121,000 | £31,042 | £152,042 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | 36.726 % | £44,438 | £165,438 |
| 3 Month Average | 39.514 % | £47,811 | £168,811 |
| 6 Month Average | 46.259 % | £55,972 | £176,972 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £482,241 | £470,000 | 535 GORTON ROAD |
| 24 Feb 2023 | £211,412 | £210,000 | 571 GORTON ROAD |
| 27 Jan 2023 | £153,410 | £153,000 | 17 TINDALL STREET |
| 11 Feb 2022 | £183,824 | £174,000 | 7 THORNLEY LANE NORTH |
| 3 Dec 2021 | £147,326 | £136,500 | 4 THORNLEY LANE NORTH |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 14 Feb 2018. Using an estimated price of £152,043 means this house is valued at £2,339 per sq meter (£217 per sq foot).
The average size of a house on THORNLEY LANE NORTH is 86 sq meters (926 sq feet).