£172,360
This estimated value is based upon the latest sale price for the house of £140,000 on 3 May 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £140,000 | 3 May 2019 |
| Terraced |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 2019 the House Price Index for GREATER MANCHESTER was 120.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.115%.Applying this 23.115% change to the original purchase price of £140,000 results in an estimated price of approximately £172,360.
| 3 May 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.0 | 23.115 % | £140,000 | £32,360 | £172,360 |
The Postcode Pricing Model uses changes in average sales price within the M18 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 | 23.866 % | £33,413 | £173,413 |
| 3 Month Average | 27.049 % | £37,868 | £177,868 |
| 6 Month Average | 22.324 % | £31,253 | £171,253 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £150,918 | £150,000 | 16 HURFORD AVENUE |
| 28 Apr 2023 | £141,048 | £140,000 | 25 SEDDON AVENUE |
| 27 Mar 2023 | £166,902 | £166,000 | 12 WELLESLEY AVENUE |
| 23 Feb 2023 | £184,129 | £185,000 | 18 SEDDON AVENUE |
| 16 Jan 2023 | £216,102 | £218,000 | 1 REYNOLDS DRIVE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 26 Nov 2018. Using an estimated price of £172,361 means this house is valued at £2,572 per sq meter (£238 per sq foot).
The average size of a house on WELLESLEY AVENUE is 87 sq meters (939 sq feet).