£205,037
This estimated value is based upon the latest sale price for the house of £120,000 on 29 Jun 2012. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £120,000 | 29 Jun 2012 |
| Semi-Detached |
| Leasehold |
| Floor Area: 140 sq meters or 1,506 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 June 2012 the House Price Index for GREATER MANCHESTER was 87.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.865%.Applying this 70.865% change to the original purchase price of £120,000 results in an estimated price of approximately £205,037.
| 29 Jun 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 149.7 | 70.865 % | £120,000 | £85,037 | £205,037 |
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 | 45.263 % | £54,315 | £174,315 |
| 3 Month Average | 63.895 % | £76,674 | £196,674 |
| 6 Month Average | 57.935 % | £69,521 | £189,521 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £180,000 | £180,000 | 135 LODGE LANE |
| 29 Jun 2023 | £255,112 | £250,000 | 128 LODGE LANE |
| 28 Feb 2023 | £222,486 | £221,000 | 122 LODGE LANE |
| 30 Aug 2022 | £150,705 | £150,000 | 186 LODGE LANE |
| 17 May 2022 | £236,152 | £230,000 | 3 TRINITY CLOSE |
This house has a floor area of 140 sq meters or 1,506 sq feet when measured on 27 May 2011. Using an estimated price of £205,038 means this house is valued at £1,464 per sq meter (£136 per sq foot).
The average size of a house on ELLESMERE CLOSE is 131 sq meters (1,412 sq feet).
This house is the largest in the street with a floor area of 140 sq meters (1,506 sq feet).