£575
This estimated value is based upon the latest sale price for the house of £545 on 24 Feb 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
Price Paid | Date |
---|---|
£545 | 24 Feb 2022 |
£135,000 | 28 Aug 2020 |
£103,000 | 3 Jul 2006 |
£28,000 | 13 Sep 1999 |
£11,250 | 28 Jul 1997 |
Freehold |
Floor Area: 66 sq meters or 710 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 February 2022 the House Price Index for GREATER MANCHESTER was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £545 results in an estimated price of approximately £575.
24 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.7 | 149.7 | 5.646 % | £545 | £30 | £575 |
The Postcode Pricing Model uses changes in average sales price within the M14 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 | 30.589 % | £166 | £711 |
3 Month Average | 49.008 % | £267 | £812 |
6 Month Average | 29.550 % | £161 | £706 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 May 2024 | £152,500 | £152,500 | 8 NEWLYN STREET |
24 Aug 2022 | £110,517 | £110,000 | 20 BOSCOMBE STREET |
30 Jun 2022 | £175,757 | £172,000 | 2 BOSCOMBE STREET |
13 May 2022 | £200,216 | £195,000 | 12 CHILWORTH STREET |
24 Feb 2022 | £576 | £545 | 2 NEWLYN STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 22 Sep 2021. Using an estimated price of £576 means this house is valued at £8 per sq meter (£0 per sq foot).
The average size of a house on NEWLYN STREET is 93 sq meters (1,010 sq feet).