£192,852
This estimated value is based upon the latest sale price for the house of £115,000 on 17 Nov 2006. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £115,000 | 17 Nov 2006 |
| £42,000 | 21 May 1999 |
| £36,500 | 19 Mar 1997 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 688 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 November 2006 the House Price Index for GREATER MANCHESTER was 88.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.698%.Applying this 67.698% change to the original purchase price of £115,000 results in an estimated price of approximately £192,852.
| 17 Nov 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 148.6 | 67.698 % | £115,000 | £77,852 | £192,852 |
The Postcode Pricing Model uses changes in average sales price within the SK2 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 | 52.621 % | £60,514 | £175,514 |
| 3 Month Average | 67.076 % | £77,137 | £192,137 |
| 6 Month Average | 76.384 % | £87,841 | £202,841 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £203,005 | £200,000 | 164 LOWNDES LANE |
| 12 Jul 2023 | £288,888 | £285,000 | 2 FERNLEY ROAD |
| 31 Mar 2023 | £286,196 | £283,500 | 133 LOWNDES LANE |
| 22 Mar 2023 | £272,568 | £270,000 | 123 LOWNDES LANE |
| 1 Mar 2023 | £291,749 | £289,000 | 127 LOWNDES LANE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 23 Mar 2015. Using an estimated price of £192,853 means this house is valued at £3,013 per sq meter (£279 per sq foot).
The average size of a house on LOWNDES LANE is 87 sq meters (944 sq feet).