£280,776
This estimated value is based upon the latest sale price for the house of £278,500 on 30 Jun 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £278,500 | 30 Jun 2023 |
| £203,000 | 21 Sep 2018 |
| £162,000 | 17 Mar 2014 |
| Semi-Detached |
| Leasehold |
| Floor Area: 69 sq meters or 742 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 2023 the House Price Index for GREATER MANCHESTER was 146.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.817%.Applying this 0.817% change to the original purchase price of £278,500 results in an estimated price of approximately £280,776.
| 30 Jun 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.0 | 0.817 % | £278,500 | £2,276 | £280,776 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | -14.514 % | £-40,421 | £238,078 |
| 3 Month Average | -10.113 % | £-28,163 | £250,336 |
| 6 Month Average | -7.108 % | £-19,797 | £258,702 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £280,777 | £278,500 | 2 LOCKTON CLOSE |
| 10 Mar 2023 | £233,261 | £232,000 | 29 MAYPOOL DRIVE |
| 25 Apr 2022 | £235,897 | £230,000 | 9 MAYPOOL DRIVE |
| 4 Mar 2022 | £114,561 | £111,000 | 54 MAYPOOL DRIVE |
| 15 Dec 2021 | £108,306 | £101,500 | 42 MAYPOOL DRIVE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 29 Apr 2014. Using an estimated price of £280,777 means this house is valued at £4,069 per sq meter (£378 per sq foot).
The average size of a house on LOCKTON CLOSE is 82 sq meters (890 sq feet).