£169,592
This estimated value is based upon the latest sale price for the house of £30,000 on 11 Jul 1995. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £30,000 | 11 Jul 1995 |
| Terraced |
| Leasehold |
| Floor Area: 82 sq meters or 882 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 July 1995 the House Price Index for GREATER MANCHESTER was 26.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 465.309%.Applying this 465.309% change to the original purchase price of £30,000 results in an estimated price of approximately £169,592.
| 11 Jul 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.3 | 148.6 | 465.309 % | £30,000 | £139,592 | £169,592 |
The Postcode Pricing Model uses changes in average sales price within the WN5 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 | 713.736 % | £214,120 | £244,120 |
| 3 Month Average | 429.660 % | £128,898 | £158,898 |
| 6 Month Average | 272.881 % | £81,864 | £111,864 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £131,684 | £130,000 | 76 SCOT LANE |
| 31 Aug 2023 | £104,413 | £103,500 | 90 SCOT LANE |
| 28 Apr 2023 | £75,816 | £75,000 | 8 ST MARKS AVENUE |
| 31 Mar 2023 | £137,293 | £136,000 | 28 ST MARKS AVENUE |
| 28 Feb 2023 | £88,191 | £88,250 | 114 SCOT LANE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 5 May 2015. Using an estimated price of £169,593 means this house is valued at £2,068 per sq meter (£192 per sq foot).
The average size of a house on SCOT LANE is 85 sq meters (917 sq feet).