£73,833
This estimated value is based upon the latest sale price for the house of £60,000 on 13 Aug 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £60,000 | 13 Aug 2019 |
| £15,500 | 10 May 2002 |
| Terraced |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 August 2019 the House Price Index for GREATER MANCHESTER was 120.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.056%.Applying this 23.056% change to the original purchase price of £60,000 results in an estimated price of approximately £73,833.
| 13 Aug 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.6 | 23.056 % | £60,000 | £13,833 | £73,833 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | 3.576 % | £2,145 | £62,145 |
| 3 Month Average | 16.989 % | £10,193 | £70,193 |
| 6 Month Average | 17.676 % | £10,605 | £70,605 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £94,398 | £93,000 | 32 ELMWOOD GROVE |
| 29 Sep 2023 | £91,166 | £90,000 | 70 RUSSELL STREET |
| 9 Jun 2023 | £101,226 | £100,000 | 3 RUSSELL CLOSE |
| 31 Jan 2023 | £94,555 | £95,000 | 9 HADDON HOUSE CARSLAKE AVENUE |
| 4 Jul 2022 | £87,736 | £87,500 | 28 ELMWOOD GROVE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 13 Jun 2013. Using an estimated price of £73,834 means this house is valued at £1,318 per sq meter (£122 per sq foot).
The average size of a house on ELMWOOD GROVE is 63 sq meters (682 sq feet).