£244,442
This estimated value is based upon the latest sale price for the house of £145,000 on 16 May 2013. 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 | 16 May 2013 |
| £82,000 | 31 May 2002 |
| £62,000 | 29 Oct 1999 |
| £50,000 | 6 Jun 1997 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 824 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 2013 the House Price Index for GREATER MANCHESTER was 88.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.581%.Applying this 68.581% change to the original purchase price of £145,000 results in an estimated price of approximately £244,442.
| 16 May 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 149.7 | 68.581 % | £145,000 | £99,442 | £244,442 |
The Postcode Pricing Model uses changes in average sales price within the SK3 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 | 81.240 % | £117,797 | £262,797 |
| 3 Month Average | 107.145 % | £155,360 | £300,360 |
| 6 Month Average | 109.442 % | £158,691 | £303,691 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Apr 2024 | £141,226 | £140,000 | 21 NURSERY LANE |
| 26 Sep 2023 | £219,846 | £215,000 | 7 ELM ROAD SOUTH |
| 15 Jun 2023 | £255,112 | £250,000 | 19 ELM ROAD SOUTH |
| 10 Feb 2023 | £264,769 | £263,000 | 5 MARBURY CLOSE |
| 8 Feb 2023 | £267,789 | £266,000 | 5 NURSERY LANE |
This house has a floor area of 76 sq meters or 824 sq feet when measured on 16 Mar 2012. Using an estimated price of £244,443 means this house is valued at £3,189 per sq meter (£296 per sq foot).
The average size of a house on NURSERY LANE is 86 sq meters (929 sq feet).