£122,314
This estimated value is based upon the latest sale price for the house of £120,000 on 6 Dec 2023. 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 | 6 Dec 2023 |
£80,000 | 12 Jan 2017 |
Semi-Detached |
Freehold |
Floor Area: 73 sq meters or 785 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 December 2023 the House Price Index for GREATER MANCHESTER was 145.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.928%.Applying this 1.928% change to the original purchase price of £120,000 results in an estimated price of approximately £122,314.
6 Dec 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.2 | 148.0 | 1.928 % | £120,000 | £2,314 | £122,314 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 130.536 % | £156,643 | £276,643 |
3 Month Average | -8.490 % | £-10,188 | £109,811 |
6 Month Average | -4.143 % | £-4,972 | £115,027 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Dec 2023 | £122,314 | £120,000 | 1A FELL STREET |
1 Dec 2023 | £104,986 | £103,000 | 211 FIRS LANE |
1 Dec 2023 | £72,369 | £71,000 | 195 FIRS LANE |
10 Mar 2023 | £105,571 | £105,000 | 248 FIRS LANE |
23 Sep 2022 | £125,968 | £127,500 | 187 FIRS LANE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 14 Jun 2013. Using an estimated price of £122,314 means this house is valued at £1,675 per sq meter (£155 per sq foot).
The average size of a house on FELL STREET is 89 sq meters (967 sq feet).